Alpine TLI Group, Inc. (APGR.PK), a property management firm, researches and purchases tax liens and tax deeds. Alpine’s revenues are primarily generated through interest and penalty revenues derived from redeemed tax lien certificates, and the sale of non-redeemed properties.
In the U.S., over $10 billion in property tax liens are offered for sale every year. With record declines in real estate properties and the subprime mortgage breakdown, there are an abundance of delinquent property taxes. The company focuses on single occupant residential properties and vacant land that has potential for future development. The potential real estate value of these properties in the U.S. is estimated to be over $1 trillion dollars.
Alpine has an experienced and highly skilled staff of researchers, real estate experts, and financial experts to identify and research potential properties. The company’s fund model for its real estate operations is anticipated to build and maintain a $6 million fund, which can be fully invested in property tax lien certificates.
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