Upcoming Tax Lien Auction

Lake County IL – Tax Lien Auction

Lake County Tax Sale Information

Lake County will host its annual Delinquent Property Tax Sale on Wednesday, November 13, 2024, at the Lake County Administration Building, Assembly Room, 10th Floor, located at 18 N County Street, Waukegan, IL 60085. Registration opens on October 1, 2024, and the auction will start promptly at 9:00 AM CST, with all participants required to be in line by 10:30 AM to submit bids. This sale will continue until all properties with delinquent taxes are sold.

Key Auction Details:

Date: Wednesday, November 13, 2024
Location: Lake County Administration Building, Assembly Room, 10th Floor
Time: 9:00 AM CST (Must be in line by 10:30 AM)

Terms of Sale:

Deposit: They Require all registered buyers to provide a deposit. First-time buyers must provide a certified check in the amount they plan to purchase, separate from the $100 fee for the delinquent tax list.

Tax Lien Bidding: The auction utilizes the RAMS-2 system, where tax buyers submit bids via a USB flash drive. The lowest interest rate bid wins, and if there are multiple bids at the same rate, a random selection is made.

Refund Policy: If you attend the sale and do not purchase any items, we will refund your deposit.

How to Participate:

Register: You must Complete and submit the Application for Delinquent Property Tax Sale by October 25, 2024, at 5:00 pm CST. Send the application to the Lake County Collector at 18 N County Street, Room 102, Waukegan, IL. Along with your deposit.

Bid: Submit your bids via a USB flash drive on the day of the sale using the RAMS-2 system.

Payment: Pay all winning bids in full by noon on Monday, November 18, 2024.

Collect Certificates: Winning tax buyers will need to pick up their Certificates of Sale in person within 15 business days of notification.

The Lake County tax auction is an excellent opportunity to invest in tax liens at competitive rates. Buyers can secure property tax liens, which offer potential returns on interest. This annual event is a critical opportunity for investors looking to expand their portfolios. Make sure to complete your registration early, review the Illinois Property Tax Code, and arrive on time for a smooth bidding process. For more details, visit the Lake County Treasurer’s website.

Remember: Register before the October 25 deadline, conduct thorough research, and ensure your bids are ready for submission on the day of the sale.

For additional questions, please contact Stephen Gray or Griselda Trujillo at (847) 377-2323 or email [email protected].

Visit our Auction Calendar for upcoming auctions!

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