Illinois Take Notice (Property Sold For Delinquent Taxes) is a program run by the Illinois Department of Revenue which allows counties to sell properties that have delinquent tax payments for a minimum bid. The sale of these properties is done in a public auction where the highest bidder wins the deed and title of the property. The purpose of the sale is to collect unpaid taxes and fees owed to the county. There are two types of Illinois Take Notice (Property Sold For Delinquent Taxes): Tax Deed Sales and Tax Sale Certificates. Tax Deed Sales involve the transfer of legal ownership of a property from the county to the highest bidder. The bidder must pay the amount of the minimum bid plus any unpaid taxes. The new owner will be responsible for all taxes and fees and will also be responsible for any liens or mortgages that may be attached to the property. Tax Sale Certificates are issued when a property has delinquent taxes. The certificate must be paid in full within two years or the county will take ownership of the property. The certificate holder is responsible for all taxes, fees, and any liens or mortgages that may be attached to the property.
Illinois Take Notice (Property Sold For Delinquent Taxes)
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