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...
Finding A New Path Forward
Tax Lien Foreclosure
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,...