Williamson County
Investor’s Goldmine: Williamson County’s High-Return Opportunity
Ready to invest in a tax lien that could yield a 54% return in just 3 years? Williamson County, Illinois, offers an exciting opportunity for investors to earn high returns through its annual tax lien sale. Here’s everything you need to know about the process and how to get involved!
How Does Williamson County’s Tax Lien Sale Work?
Each January, Williamson County holds an auction for tax lien certificates. These liens are sold for properties that have delinquent taxes. As an investor, you can bid on these liens, paying off the overdue taxes. In return, you earn interest on the amount until the property owner redeems the taxes.
Here are the key steps and details for the tax lien sale:
- Register Early: You must register 10 business days before the sale. Registration requires a $500 deposit and completion of the necessary forms.
- Bidding Process: The bidding starts with a 9% interest rate. Investors can bid down the rate, with the lowest bidder winning the lien.
- Redemption Period: Property owners have up to 2.5 to 3 years to redeem their taxes, during which time you earn interest every six months.
- Potential for High Returns: If the property owner doesn’t redeem the taxes, you could end up with the property after the redemption period, potentially for just the back taxes and fees!
The Auction Process
When: The tax lien sale Is typically in January.
Where: The auction will take place at the Williamson County Administrative Building.
How It Works: The sale uses an automated computer system. Bidding begins at a 9% interest rate, and the first lowest bidder wins the lien.
Payment:
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