2020 Cook County Annual Tax Sale - held in 2022 (last week)

[Robert D.]

I was wondering if there are more people who participated in 2020 Cook County Annual Tax Sale, that was held last week. I picked up 26 tax certificates and would like to connect with folks who have done it before. I know that I need to pay $47 per PIN to order back tax search. Once that’s done and I will pay all back taxes and I will get tax certs. I bid on PINs that do not show any sold, forfeited or open taxes but you never know what the county comes back with after they do their research. Then within 4.5 months after the sale, I need to deliver to the county 22.5 notice and I will also need to provide “redemption extension”. Is 22.5 notice the same as “redemption extension” or this is something different? Other investors told me that when I am done with 22.5 all I can do is just pay next year’s taxes and post them to the cert so that they are not bought at the next sale. if nobody redeems those certs in 2.5yrs I can hire a lawyer to file petition for tax deed for me. I think that’s pretty much the gist of it...? 

The 22.5 notice is a standard form that I will populate with PIN/address/cert#/volume/$ amount

That $ amount is all money I spent so far per PIN, that includes final bid amount, $47, cost of cook county mailing, other ?

is there anything else I need to deliver to the county besides 22.5 notice ? what about “redemption extension” that someone told me about...is it the same thing as 22.5 or another form that I need to do ? 

I contacted several law firms... they charge anywhere between $200 and $300 to do the 22.5. I picked up 26 certs ...that would mean ...5k just to start the process...