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Mortgage Professor about lake county tax deed sales: 
Which Site's Costs Do You Believe?
September 18, 2000 "I just compared fixed-rate mortgages on two different internet shopping sites. Their fees were the same except that site A listed something called a state tax stamp for $7120. Otherwise, A offered the better deal. Site B mentioned only a $25 state ... more...

Second Mortgage Versus 401K Loan
July 10, 2000 "I need $10,000 for a home improvement.  I can either take out a home equity loan or I can borrow from my 401K retirement fund.  Would the tax benefits on the home equity loan outweigh the advantage of ... more...

lake county tax deed sales related definitions

Tax Sale
Tax Sale Property on which current county taxes have not been paid is "sold to the state." At this stage no actual sale takes place - the title is transferred to the state and the owner may redeem it by paying taxes, penalties and costs. If it has not been redeemed ... more...

Land Contract
Land Contract A contract selling arrangement whereby the buyer may use and occupy land, but no deed is given by seller until the sales price has been paid. Also commonly called a conditional sales contract, installment sales contract or real property sales contract, used ... more...

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