SOURCE: Alpine TLI Group, Inc.

May 02, 2008 07:15 ET

Alpine TLI Group, Inc. Announces Acquired Liens on $39.5 Million Worth of Real Estate at the Maricopa, Arizona Tax Sale Will Be Redeemed or Go to Deed

PLEASANT GROVE, UT--(Marketwire - May 2, 2008) - Alpine TLI Group, Inc. (PINKSHEETS: APGR), a full service tax lien and tax deed purchase, research, and property management company, announced today that the liens acquired on $39.5 million worth of real estate at the Maricopa County, Arizona tax sale will redeem for principal, interest, and penalties or go to deed within the statutory redemption period. Those liens that go to deed will result in Alpine receiving the deed to the property free and clear.

If the delinquent taxes are paid by a property owner 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. Interest and penalties can be as high as 16% APR in Maricopa County.

If the delinquent taxes are not paid by the property owner within the designated redemption period, the property "goes to deed." Maricopa then deeds the property to Alpine, free and clear of all encumbrances resulting in full ownership of the property. After legal fees are paid, Alpine will own the property for as little as 5% to 10% of the property's value.

"There will be opportunities every month for Alpine to build a substantial portfolio of quality real estate in 2008. With all the turmoil in the foreclosure market, there will be historic opportunities in the next 18 to 24 months to buy property at 5% to 10% of market value at tax sales," stated M. Taylor Abegg, II, Chief Executive Officer of Alpine TLI Group, Inc.

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 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