Just about anybody in the market will say business is business, it’s nothing personal. In the world of tax liens and making a profit, there is no more true statement. Some property owner lose their home because they cannot pay their property taxes and somebody else gains. Some may say it’s a scavenger business, but it’s a profitable scavenger business.
Alpine TLI Group Inc., a tax lien and tax deed purchase/real estate Management Company, works with municipalities to resolve delinquent tax lien issues. In the United States, estimates range at over $10 billion per year for tax lien issues with the numbers likely to rise over the coming months and years. As these numbers rise, the company will continue to reap rewards regardless of outcomes envisioned by federal agencies to stem tax issues.
Fortunately for the company, there is always a winner where there is a looser. In the case of tax liens and foreclosures, the winner is Alpine TLI Group Inc. Taken in any fashion the company comes out ahead in the tax lien and foreclosure process. Working with the municipalities in question, the company purchases its choice of tax liens and/or encumbered deeds at rock bottom rates. The owner of the property, which has the lien on it, has a specific period of time to pay the taxes, penalties and interest (typically 8-25% per/yr.) on the lien, all of which goes to the purchaser of the lien (Alpine TLI Group.) If the property is not cleared of the liens on it, the property then goes to the lien holder free and clear at approximately 4-10% of the original value. Not bad work if you can get it.
The current conditions being experienced in the US housing market will likely line-up many valuable properties for the company. Recently, the company announced that it has been granted interest payments due from the purchase of $39.5 million worth of property liens in Maricopa, AZ. Irrespective of current conditions, the future of the company is bright with little if any down side to its operations.
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