Just Information
03-29-2005, 02:23 AM
Redemption Period Varies Interest Rate 18%
Illinois Tax Lien Certificates have a mandated interest rate being offered to all Illinois tax lien certificate investors is 18%. To avoid losing their home to the Illinois tax lien certificate investor, the delinquent tax payer must step forward and pay the local government what the investor paid to purchase the Illinois tax lien certificate PLUS interest, before the redemption period passes! If the home owner fails to pay within the statute mandated "Redemption Period" the Illinois tax lien certificate investor can seek ownership of the property.
Illinois Tax Lien Certificates have a mandated interest rate being offered to all Illinois tax lien certificate investors is 18%. To avoid losing their home to the Illinois tax lien certificate investor, the delinquent tax payer must step forward and pay the local government what the investor paid to purchase the Illinois tax lien certificate PLUS interest, before the redemption period passes! If the home owner fails to pay within the statute mandated "Redemption Period" the Illinois tax lien certificate investor can seek ownership of the property.