About 70 people from as far away as Florida were buying the right to pay McHenry County residents' real estate taxes in return for payment plus interest at some point later on
bid-down" one, the winner of each certificate being the person willing to accept the lowest rate of interest. That was pretty low this year and some bidders dropped out in disgust. One part-time investor over from Savannah said, "Two or three percent, that's not enough to make all the research and risk worth the trouble."
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FirstElectricNewspaper: McHenry County Sells More Than 3,000 Delinquent Taxes
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