Coles County, Illinois Government Auctions

1 open listing in Coles County, including 1 HUD REO home. Every listing links to the official source to bid.

Open now in Coles County

Real Estate

HUD HomeStore

Open

404 W Charleston Rd, Ashmore, IL

Ashmore, Illinois

HUD-owned (FHA) foreclosed home at 404 W Charleston Rd, Ashmore, IL 61912, FHA case #132-197458, currently listed for sale on HUD HomeStore (acquired by HUD 2020-03-26). Offers are submitted through a HUD-registered real estate broker during the bid period; the list price, bid deadline, property condition report and photos are on the official listing.

Auction terms

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By sale type

HUD REO home1

By source

HUD HomeStore1

How these sales work

Buying government property in Coles County

Illinois is a tax lien state

Illinois counties hold an annual tax sale where investors bid down the penalty rate on delinquent taxes and receive a certificate of purchase; unsold parcels can be picked up at later scavenger sales.

Redemption period: Owners commonly have two to two and a half years to redeem depending on property type, and the buyer must petition the circuit court for a tax deed after the period expires.
Interest or penalty: The penalty rate is bid down from a statutory ceiling and accrues every six months, so a low winning bid means a low return.

Full Illinois guide and FAQ →

Government REO home

A home a federal agency or government-sponsored enterprise took back after a foreclosure on a loan it insured or owned, now resold through its own program.

Compare government real-estate sale types →

General information, not legal advice; the official sale notice controls.