GA

Grundy County, Illinois Government Auctions

2 open listings in Grundy County, including 2 HUD REO home. Every listing links to the official source to bid.

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RE

Real Estate

HUD HomeStore

Open

906 Douglas St, Morris, IL

Morris, Illinois

HUD-owned (FHA) foreclosed home at 906 Douglas St, Morris, IL 60450, FHA case #137-389146, currently listed for sale on HUD HomeStore (acquired by HUD 2020-04-10). 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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RE

Real Estate

HUD HomeStore

Open

110 N Bruce St, Braceville, IL

Braceville, Illinois

HUD-owned (FHA) foreclosed home at 110 N Bruce St, Braceville, IL 60407, FHA case #137-485096, currently listed for sale on HUD HomeStore (acquired by HUD 2019-12-26). 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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How these sales work

Buying government property in Grundy 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.