Cook County IL Scavenger Sale Question

To all who have participated in or observed the biannual scavenger sale:



The minimum bid for each parcel is $250. If I am the highest bidder, do I only pay only the winning bid amount or am I then obligated to pay off the delinquent taxes on the property as well?

Comments(3)

  • sdpinvestments19th December, 2007

    There is a fee called sale indem fund which would be around 5% of the delinquent taxesnull

  • haynesm24th December, 2007

    Fotoskif I don’t think I will be going to the biannual scavenger sale as I live to far away and those savvy folks would eat me alive so to say. But I am curious. Just what it this thing. Anywhere we can go online and read about it

  • real_estate_now8th April, 2008

    Fotoskif:

    The minimum bid is $250. The actual amount you will pay is $485 (which includes all the fees).

    The law guiding the scavenger sale is ILCS 35/200 further know as the Illinois Property Tax Code.

    Good luck!

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