Chitownproperty

This year’s Cook County tax scavenger sale was held on Wednesday. The biennial event featured 20,000 land parcels with over two years of delinquent taxes for sale. Buyers can bid as little as $250 on the land, then the owner has between six months to two and half years to redeem the taxes. Otherwise the buyer can petition for a deed to the land. If the owner does redeem the taxes, the buyer can collect anywhere from 12 to 51 percent interest.