Pulaski County, Illinois, has announced a sealed bid auction for approximately 101 delinquent real estate properties. The sale, which is now open to the public, features a required minimum bid of $822 per item. All bids must be submitted by the end of the business day on October 31.
Key Takeaways
- Event: Sealed bid auction for delinquent real estate in Pulaski County, Illinois.
- Properties Available: Approximately 101 individual items are listed for sale.
- Minimum Bid: The required starting bid for each property is $822.
- Submission Deadline: All bids, whether submitted in person or online, must be received by the close of business on October 31.
Auction Details and Bidding Process
Officials in Pulaski County are managing the sale of properties where property taxes have not been paid. The auction includes a diverse list of around 101 items, which may consist of vacant lots, residential properties, or other parcels. Each item will be sold to the highest bidder who meets or exceeds the minimum threshold.
The minimum bid for each parcel has been set at $822. According to the terms of the sale, the property will be awarded to the individual or entity that submits the highest sealed bid by the specified deadline. This process ensures all participants have an equal opportunity without the pressure of a live auction environment.
What is a Delinquent Property Auction?
County governments hold delinquent property auctions, often called tax sales, to recover unpaid property taxes. When a property owner fails to pay their taxes for a legally defined period, the county can seize the property and sell it to recoup the lost revenue. These sales help fund essential public services like schools, infrastructure, and emergency services by returning non-producing properties to the tax rolls.
How to Participate in the Auction
Potential buyers have two methods for submitting their offers for the available properties. Each method has the same strict deadline of October 31 at the close of business.
In-Person Bid Submission
For those who prefer to submit a physical bid, all sealed written offers must be delivered to the Pulaski County Treasurer’s Office. The office is located at:
Pulaski County Treasurer’s Office
500 Illinois Avenue
Mound City, IL
Bids must be placed in a sealed envelope and delivered before the office closes on the final day of the auction period.
Online Bidding Option
For convenience, the county also provides an online platform for bid submissions. Bidders can place their offers electronically through the official tax sale website. All online bids must be finalized on the site, www.iltaxsalebids.com, by the same time and date as the in-person deadline.
Important Dates and Figures
- Number of Properties: ~101
- Minimum Bid per Property: $822
- Bid Deadline: October 31 (Close of Business)
- Auction Type: Sealed Bid
Important Information for Potential Buyers
Before placing a bid, interested parties are strongly encouraged to conduct thorough research. The county has made comprehensive bidder packets and sale catalogs available for public review. These documents contain detailed information about each of the 101 items, including legal descriptions and other relevant data.
These resources can be accessed directly through the online bidding portal. Due diligence is a critical step for any potential investor in a tax sale. Buyers are responsible for researching liens, property conditions, and zoning regulations before committing to a purchase. Properties in tax sales are typically sold "as is."
"All items will be sold to the highest sealed bid received on or before October 31," the official notice states, highlighting the finality of the deadline.
Contact Information for Inquiries
For individuals seeking more information about the auction process, specific properties, or how to access the sale catalogs, the county's tax agent is available to assist. Questions should be directed to the Auction Sale Department of the Pulaski County Tax Agent’s Office.
The department can be reached by phone for assistance:
- Toll-Free: 1-800-248-2850
- Local: 618-656-5744
Representatives are available to answer questions and provide guidance on navigating the sealed bid auction process. This sale presents an opportunity for individuals and investors to acquire real estate at a potentially low cost while helping the local government recover necessary funds.
