Each county or local government in Illinois possesses files on every residential or commercial property within its bounds summarizing the property’s record in terms of market price, taxes, and possible liens. If the public is in need of details concerning a property, searching through tax files can be a good source because the agency keeping records is generally staffed by people who check and comprehend the available reports. A large number of tax record agencies will also have the capacity to aid with federal records research, including relevant information regarding potential bankruptcies for a property owner.