Tax deed foreclosures can have a severe impact on a homeowner’s financial future. The effects on their credit score and subsequent financial opportunities can last for years, creating significant obstacles to recovery. Immediate credit score damage When a property is...
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Tax Lien Foreclosure
Understanding Section 8 in tax deed foreclosures
Tax deed foreclosures in Illinois can be complex, with various legal provisions involved. One such provision is Section 8. Understanding what it entails in the context of tax deed foreclosures is crucial. The tax deed foreclosure process The tax deed foreclosure...
Pros and cons of a tax lien foreclosure investment
Investing in real estate can be a lucrative endeavor. One avenue that has caught the attention of many investors is tax deed foreclosure properties in Illinois. These properties are often sold at auction due to unpaid property taxes, offering the potential for...
5 troublesome pitfalls to look for during a tax deed foreclosure
Tax deed foreclosure is a legal process by which a local government can sell a property to recover unpaid taxes. While the design of the process prioritizes fairness and transparency, it may not always work out that way. Read through to understand why the process may...
Why is it so difficult to get a tax deed foreclosure in Illinois
Illinois is one of only a few states that allows buyers to purchase tax-liable properties for a fraction of their fair market value. Investors love this opportunity, but there is a long and arduous process that buyers must follow. Courts often favor the seller...
Investing in a tax deed foreclosure
As a real estate investor, you may be curious about the opportunity to purchase tax deed foreclosures. With this strategy, you buy a tax certificate on an outstanding property so you can renovate, resell or otherwise profit from the pending foreclosure. Review the...
Three things to consider when pursuing a tax deed foreclosure
When a homeowner or commercial property owner owes past-due property taxes in Illinois, their county government may after a certain period of time decide to sell off the rights to the past-due taxes at a tax sale via a tax sale certificate. As a real estate investor,...