Tax Leins In Illinois
I have been to some tax lein sales in illinois and everyone bids 0 to 2%. I do not see how the money is made at such a low rate. I have heard that they can pay the next tax bill and get 12%, but if the owner pays the tax then you are out of luck and stuck with a 0 or low interest loan. I am sure that very few of these leins go to deed. So what is going on? 
tks John
[addsig]
You are correct, but in today's environment where you get 1% interest rate on a CD, what is the real risk? And if you get to pay the subtaxes you stand to earn 12% immediately!! Not a bad investment if you can last until then!
RC
Yes, they are stuck with a low interest loan, however, they may be hoping that the owner doesn't pay the tax lien and they can move on the property.
Thats where the money is.