SOURCE: Alpine TLI Group, Inc.

February 26, 2008 09:00 ET

Alpine TLI Group, Inc. Announces Accruing Interest on Acquired Liens From $39.5 Million Worth of Real Estate or the Property Is Granted to Alpine Free and Clear

PLEASANT GROVE, UT--(Marketwire - February 26, 2008) - Alpine TLI Group, Inc. (PINKSHEETS: APGR), a full service tax lien and tax deed purchase, research, and property management company, announced today the liens acquired on $39.5 million worth of real estate at the Maricopa, Arizona tax sale are accruing interest from the date of the sale until the liens are redeemed or granted to Alpine free and clear of all encumbrances.

If the delinquent taxes are subsequently paid by the property owners in Maricopa County, the certificate is considered redeemed and all payments received by the County are forwarded directly to Alpine, including principal, interest and penalties assessed by the County.

If the delinquent taxes are not paid by the property owner within the three year redemption period specified by Arizona State law, the property "goes to deed." Following the process to institute a judicial foreclosure, Maricopa County then deeds the property to Alpine, free and clear of all encumbrances resulting in full ownership of the property. Once all fees are paid, Alpine will own the properties for as little as 5% to 10% of its current market value.

About ALPINE TLI GROUP, Inc.

ALPINE TLI GROUP, Inc. is a full service tax lien and tax deed purchase, research, and property management company. Alpine specializes in identifying and researching properties that have the propensity of creating a highly leveraged investment opportunity through the purchase of real estate tax lien certificates and tax deeds.

It is estimated that over $10 billion in property tax liens are offered for sale annually representing over $1 trillion in potential property value profits for the purchasers of these tax liens. Tax lien certificates are typically acquired by Alpine for 1% to 20% of the property value. If the lien is redeemed by the property owner, a return of 4% to 25% APR is realized by Alpine. If the lien is not redeemed, the deed to the property is granted to Alpine, free and clear of all encumbrances. More information on Alpine TLI Group is available online at http://www.AlpineTLIGroup.com/.

Safe Harbor Statement

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Alpine TLI Group, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • For more information, please contact:
    Alpine TLI Group, Inc.
    Investor Relations
    888-947-4440
    Email Contact