Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

2
Posts
0
Votes
Chad Holman
  • Ottawa, IL
0
Votes |
2
Posts

Illinois tax lien certificate and Lis Pendens

Chad Holman
  • Ottawa, IL
Posted

I'm trying to acquire two adjoining parcels in illinois - rural industrial unimproved land.   I'm not looking to make money, im interested in the properties for my own personnel use.  Both properties appear to have gone through tax lien sales twice since around 2013.

The first one, was available for sealed bid action - I'm awaiting to hear if I won the bid. So haven't done a title search yet, since I believe I have 30 days if I win. 

The second parcel had a tax lien certificate available for purchase.  This one is a bit tricker.  I confirmed certificate for 2014/2015 years is still available for purchase.  I did title search and discovered someone, in the past month, registered a Lis Penden foreclosure against previous property owners and I believe past  tax lien certificate owners.  

My question is, does it make to jyst contact person currently taking action on property or should I purchase tax lien first?  I was thinking they had to keep up with taxes or they lose their claim from previous tax lien purchase?

Loading replies...