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Cook County
Unlock Big Returns with Cook County’s Tax Lien Auction: Your Path to High Returns
Are you looking for a smart investment with great returns? Cook County, Illinois, offers a fantastic opportunity through its tax lien auction. By participating, you can earn up to 54% returns over three years. Let’s dive into how you can get started and make the most of this opportunity.
What Are Tax Lien Certificates?
Tax lien investing means you pay someone’s overdue property taxes. In return, you get a certificate that earns you interest. If the property owner doesn’t pay you back, you might even end up owning the property!
Example:
Steps to Start Tax Lien Investing
It’s important to know the rules. Check Cook County’s guidelines on the Treasurer’s website.
Find all necessary info about tax sales on the Cook County Treasurer’s site.
Register online and join the auction at the Cook County Auction Site.
Know the sale schedule and details about each property up for auction.
If you have questions, reach out to the Treasurer’s Office for help.
Important Details
Pro Tips
Important Links:
FAQs
Q: What happens if the property owner doesn’t pay back?
A: If the owner doesn’t redeem the lien within three years, you can start foreclosure to take ownership of the property.
Q: How do I join the auction?
A: Register on the Auction Site and make a deposit to participate.
Q: What’s the interest rate for Cook County tax liens?
A: You can earn up to 9% interest every six months, totalling up to 54% over three years.
By following these steps, you can tap into the potential high returns offered by Cook County’s tax lien auction. Happy investing!
Need a Hand?
If you need some guidance with this process, you can book a call with us here. We’re here to help you navigate the process, avoid common pitfalls, and potentially save you three to five years of trial and error.
Don’t miss out on the free resources available at the same link.
Get our free Tax Lien & Deed Mini-Course, or book a call with us to build a free customized Tax Lien & Deed investing plan. Save yourself years of trial and error. Get it here.
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Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.