Lake County
Maximize Returns with Lake County, Illinois Tax Lien Sales: Earn Up to 54% in 2.5 Years
Get Ready to explore a unique and profitable way to invest in real estate In Lake County, Illinois. It offers an exciting opportunity with its annual tax lien sales. This is your chance to earn up to 54% in returns over 2.5 years, all while starting with a relatively low investment. Let’s dive into the details!
What Are Lake County Tax Lien Sales?
Each November, Lake County hosts a tax lien sale where investors can buy the delinquent property taxes of homeowners who haven’t paid their dues. When you buy these liens, you’re essentially paying the taxes on behalf of the property owner, and in return, you earn interest. If the homeowner doesn’t pay you back within a certain period, you might even end up owning the property.
Key Details of Lake County Tax Lien Sales
| Detail | Information |
|---|---|
| Tax Sale Date | Every November |
| Registration Period | Early October to late October |
| Location | County Administration Building, 18 N. County Street, Waukegan, IL 60085 |
| Bid System | R.A.M.S. 2 (Randomized Auction Management System) |
| Deposit | $500 |
| Interest Rate | Starts at 9%, up to 54% over 2.5 years |
| Redemption Period | 2 years for vacant properties, 2.5 years for homes |
| Contact Information | Treasurer’s Office: 847-377-2323 |
How Do Returns Work?
Imagine buying a tax lien with a 9% interest rate. You’d earn 9% every six months. If the lien remains unpaid over 2.5 years, your total return could be 54%. And if the owner still doesn’t pay, you could start foreclosure to potentially acquire the property for just the cost of back taxes.
Steps to Join the Tax Lien Sale
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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.
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