By Illinois State Statutes (35ILCS200) the county collector/treasurer is required to sell any taxes that have not been paid in full for the current tax year.
We do not sell the house. We sell only the unpaid taxes.
All registered tax buyers and their appointed representatives at the tax sale must be 18 years of age or older at the time of registration.
At the sale, a tax buyer pays/buys the taxes, then the county collector distributes the money from the sale to each of the taxing bodies to make them whole.
After the sale is completed the homeowner of record deals directly with the Lake County Clerk's Office for the redemption.
If taxes are not redeemed in 2 years (vacant property) or 2.5 years (house), the homeowner could lose the property.
The longer time between the sale and redemption, the higher the penalty is likely to be.
Hopefully, this sheds a little light on the tax sale process. If you have questions or concerns, please call the Treasurer's Office at 847-377-2323.