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Tax Buying Process Our Properties
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TaxBiz.com is a Cook County tax buyer. We attend the tax sale conducted by the treasurer's office every two years. We usually acquire 1000 to 2000 properties; we then resell them to the public. The successful bidder at the tax sale does not receive title to the property, but rather a lien against the property that is represented by a tax certificate. The tax certificate holder then has the right to foreclose and obtain a clear title from a court if the property owner does not redeem within six months of the date of bid. We do not normally take title to properties ourselves, but rather assign our right to foreclose to a subsequent buyer and then put them in touch with an attorney who specializes in tax deed foreclosures. We sell our positions with redemption guarantees--meaning that in the event that the taxes are redeemed, a buyer would receive a refund from us. We have every type of property imaginable for sale. Please see our list and other information by clicking on the links to the left. Please see the “how it works” link (left) for better explanation of the process. Some of the tax certificates on our list are being brokered for other entities.
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