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IN RE McKINNEY

No. 08-1271.

610 F.3d 399 (2010)

In re Lonnie E. McKINNEY, Debtor-Appellee. Appeal of: Salta Group, Inc.

United States Court of Appeals, Seventh Circuit.

Decided June 23, 2010.

Attorney(s) appearing for the Case

David S. Yen, Attorney (argued), Legal Assistance Foundation of Metropolitan Chicago, Chicago, IL, for the Matter of Lonnie E. McKinney.

Elizabeth Monkus, Attorney, Daniel H. Olswang, Attorney (argued), Hauselman & Rappin, Chicago, IL, for Salta Group, Incorporated.

Before EASTERBROOK, Chief Judge, and ROVNER and TINDER, Circuit Judges.

TINDER, Circuit Judge.

Lonnie McKinney owned and lived in a duplex for which he owed $5786.66 in property taxes for the year 2001. Peoria County, where the duplex is located, sold the tax debt to Salta Group at its annual tax sale in 2002. At a tax sale in Peoria County, an investor can bid on delinquent taxes by announcing what interest rate the investor will charge on the delinquent fees. The lowest bidder (he who proposes the lowest interest rate) will own the...

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