All Forum Posts by: Emmett R. McCarthy

The answer is yes. You can get a tax deed in IL on any type of property that has delinquent taxes. If you want to read more about tax liens and tax deeds in IL, here's a link to our website with lots of free information: http://flamm.com/illinois-property-tax-lawyers/

If you have any specific  questions about Illinois tax sales, please feel free to contact me. 

I have many clients who are very successful with investing in real estate tax liens. Different people have different investment strategies: seeking returns on redemptions, buying/selling certificates at different times during the process, getting tax deeds then flipping the properties, get tax deeds then doing deals with the former owners, buying tax deeds from tax buyer and rehabbing the properties, buy and hold, etc. Here is a link to some free information on IL tax liens and tax deeds. Good luck. Let me know if you have any specific questions relative to IL. Thanks.

What are your specific legal needs?

Yes, I work with tax assessment attorneys all over Cook and the collar counties. Send me a PM and I'll give you a referral. Thanks. 

In IL, a tax lien investor can pay and "post" subsequent years' taxes to their initial tax sale. Those subsequent years earn a penalty rate of 12% per year or part thereof. Many initial tax sales go for 0-2% but posting subs increases the returns in the event of a redemption. 

The 2014 taxes would have been sold in the fall of 2015. I suggest getting an estimate of redemption so you can find out the tax buyer, how much they have invested, etc. Then, you will be in a position to negotiate a purchase of the certificate. I handle tax sale issues throughout IL. Feel free to contact me for more info. Thanks. 

You may want to talk to

@Edward Mccracken, he's got a great knowledge of that area. If you are looking at tax delinquent property and tax sales in that area, I can help you out. Thanks and good luck.

@Steve Walters is correct. A petition for tax deed (your court proceeding) must be filed between 6 and 3 months BEFORE the redemption expires. IL is a "strict compliance" state so I recommend getting an attorney with experience in this field sooner rather than later. 

Yes. Most costs in IL tax sales are recoverable including subsequent years taxes paid IF properly "posted" to your tax sale. Be sure to compute the correct redemption amount in your Section 22-5 (aka 4.5 month notices). Here is more information about IL tax sales. http://flamm.com/illinois-property-tax-lawyers/il-...

Good luck!

As noted above, the law and procedures differ state to state, and often county to county. IL is a tax lien state, but the tax deed ultimately awarded conveys clear title without any further procedures. Here is a link to more information about IL tax sales: http://flamm.com/illinois-property-tax-lawyers/il-...

If you have any questions about IL, let me know. Thanks.