Legal Question in Real Estate Law in Illinois

Provided the tax buyer follows all of the required steps and the taxes are not redeemed, likely your lien will be extinguished.

Where a 3rd party purchases the backtaxes owed on the property in which you have a lien, if the property owner, "redeems", or pays back the 3rd party all of the backtaxes, interest and penalties, then your lien will continue to "cloud" the title to the property.

If, on the other hand, the true owner does not "redeem" and the 3rd party tax buyer takes title to the property by way of a "tax deed", then your lien will be wiped out by operation of law. The "tax deed" conveys "new and merchantable" title to the tax buyer.