IL HB3146

Counties acting as trustees for delinquent tax liens may request tax deeds without holding judicial auctions when filing petitions for multiple properties, but must then offer parcels for public auction within 120 days of recording the deed

Property owners who lose their homes through tax deed sales gain the right to recover surplus equity through indemnity claims, which must be filed within 2 years of the tax deed order; awards are based on fair cash value minus mortgages, liens, and taxes paid by the purchaser

Establishes new indemnity fund fees: $300 in counties with 3+ million inhabitants and $100 in smaller counties for tax deed issuance, plus 10% of principal taxes and interest paid by petitioners after the redemption period expires

Tax deed auctions must start bidding at the total judgment amount (taxes, penalties, costs, and attorney fees), with surplus proceeds above this amount deposited with the county treasurer for distribution to former property owners

Amends the Mortgage Rescue Fraud Act to require distressed property conveyance contracts to notify owners that they may have the right to recover money for equity lost if a tax deed is issued and should consult an attorney before selling