LaSalle County Tax Sale Information

LaSalle County will host its annual Delinquent Property Tax Sale on November 14, 2024, at the County Complex, Room 250, 707 E Etna Road, Ottawa, IL. Registration starts prior to the event, and the auction begins promptly at 9:00 AM. The organizers will continue the event until they sell all available delinquent tax parcels..

Key Auction Details:

Date: November 14, 2024
Location: County Complex, Room 250, 707 E Etna Road, Ottawa, IL
Time: 9:00 AM; arrive by 8:45 AM for registration

Terms of Sale:

Bidders are purchasing tax liens, not properties. The redemption period for these liens is typically 2.5 to 3 years. During this period, property owners can redeem their properties by paying the outstanding taxes, interest, and fees.

The auction follows a bid-down interest rate system where bidders compete by offering the lowest interest rate for the tax lien, starting from 9% and going down to 0%.

Bidders participate in electronic bidding on laptops and must attend the sale..

How to Participate:

Interested buyers must register by October 31, 2024. To participate, you need to make a $500 deposit, which will go toward any purchases. If no purchases are made, the deposit is refunded.

To receive a copy of the delinquent property list, you must pay a fee of $150. They update this list weekly until the auction date..

Make sure to complete and submit your Bidder Registration Form and deposit to the LaSalle County Treasurer’s Office by the deadline.

Links you might need for the LaSalle County, Illinois, Tax Lien Auction:

• LaSalle County Tax Sale Information Link 
• LaSalle County Treasurer’s Office
• LaSalle County Clerk’s Office
• How to Profit from Illinois’s Tax Lien Sales
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Is Illinois the best place to profit from tax lien certificates?

The LaSalle County tax auction allows investors to acquire tax lien certificates on delinquent properties, potentially leading to property ownership if property owners do not redeem the liens. Tax liens can provide a return on investment based on the interest rate bid. Be sure to conduct thorough research on the parcels of interest and consult legal advice for navigating the process of obtaining a tax deed.

This auction is a great opportunity for investors looking to invest in real estate or those interested in the tax lien market. Register early, review all terms, and be prepared to make your payments on time to secure any winning bids.

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