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SCAVENGER SALE INVESTORS, L.P. v. BRYANT

No. 01-3275.

288 F.3d 309 (2002)

SCAVENGER SALE INVESTORS, L.P., Plaintiff-Appellant, v. Robert Anthony BRYANT, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided April 30, 2002.

Attorney(s) appearing for the Case

Timothy J. Storm (argued), Chicago, IL, for plaintiff-appellant.

James K. Borcia (argued), Tressler, Soderstrom, Maloney & Priess, Chicago, IL, for defendant-appellee.

Before BAUER, EASTERBROOK, and WILLIAMS, Circuit Judges.

EASTERBROOK, Circuit Judge.

Scavenger Sale Investors put up $2 million for Robert "Tony" Bryant to use in buying tax certificates at Cook County's 1997 sale. The county sells certificates to real estate encumbered by unpaid tax liens. The County gains because the back taxes are paid by the proceeds of the sale; the buyer of a certificate can make money if the owner redeems it by paying the back taxes (plus interest) to the certificate owner, or by selling the property...

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