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Please be aware
that when you purchase at the tax sale, you are purchasing taxes,
not property. Purchasing taxes is a complex legal procedure.
It is advised that you contact an attorney, and/or review the Illinois
Compiled Statutes (at
www.ilga.gov/ ) prior to participating in a tax sale.
1. When will your next tax sale be held?
The delinquent
tax sale will be held on Monday, October 25, 2010. The delinquent tax sale
is generally held the last Monday of each October.
2. Where is it held and what time does it begin?
It is held at the DeKalb County Administration Building,
Conference Room East, 110 E. Sycamore St., Sycamore, IL 60178 at 9:00
A.M.
3. When and where do you advertise for the sale?
We advertise in the local newspapers after all second
installment payments are posted.
4. Can you send me a list of the liens that will be
available?
Lists are
available for a $50.00 prepaid fee. You may send
your payment at anytime. We will then send you a list
when they become available, generally 3-4 weeks after the
second installment due date.
5. Do I need to register for the sale and is there a fee
for this?
You are required to have
your Tax Buyer Registration form on file in our office, 10 business
days prior to the tax sale. Please use our DeKalb County Tax
Buyer Registration form, which you can request by calling our office at
815-895-7112. Your registration must be accompanied by a $500.00 deposit
which will be applied to your purchases at the sale. It may also be
refunded if you attend the sale, but do not purchase any taxes. Your
deposit will be forfeited if you do not attend the sale.
6.
What form of payment do you accept?
Certified funds
are required for first-time buyers. If you are not a
first-time buyer, personal, business or cashier’s checks are
accepted. Taxes must be paid immediately after the close of the tax sale.
7. What happens to the liens that are not sold at the
auction?
All of the liens
are sold at the tax sale.
8. Will the tax sale be final?
Yes.
9. Do you have any sales scheduled after the next one
coming up?
The tax sale only
occurs once per year.
10.
Can I bid without attending (via mail, or a
representative)?
You or your
registered representative must be physically present at the
sale to bid. You cannot bid via mail. The sale is
conducted in an open outcry format.
11.
Can you provide me with a list of property use codes?
The
Chief County Assessment Office can assist you with property use codes.
12.
If I end up with a property, does the county handle the
foreclosure process?
It is the tax
buyer’s responsibility to follow the procedures necessary to
acquire a deed.
13.
Will all other liens be cleared from the property as a
result of the sale?
No, the tax sale
does not clear any liens from the property.
14.
Is a copy of the county and state statutes
and rules regarding the tax sale available for purchase?
The tax
sale is governed by the Illinois
Compiled Statutes which are available at your local library or on-line at
http://www.ilga.gov/legislation/ilcs/ilcs.asp.
15.
Where do I call for redemption information?
For redemption information, please contact the DeKalb County
Clerk’s office.
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