OVERVIEW
In May, 2006, after 15 years of managing our own portfolio of property tax liens, we started providing tax lien acquisition and servicing to institutional investors. This service is provided through an affiliated company, Optimum Asset Management, LLC. If you are an investor with the capability to invest $1 million or more in tax liens on a long-term basis, we are available to help you acquire a portfolio of tax liens and then manage that portfolio for you on a fee basis. Liens may be on property located anywhere in the USA of any type: residential, commercial, industrial, and raw land. Interest rates may vary, but are typically 18%. Closings are handled through an attorney- buyers do not send funds to us. Liens are held in the name of the buyer- we never have access to your redemption proceeds, which are deposited directly into your bank account.
 | FEES: We charge a 1% acquisition fee and an annual servicing fee of 1% of assets under management, billed quarterly. The acquisition fee includes basic due diligence on the liens, with the emphasis on the larger properties. Clients are responsible for the legal fees, subsequent taxes, property listing fees, Realtor commissions, etc. The management fee includes directing your foreclosures through the entire process of obtaining a tax deed. |
| REPORTING: We provide daily reporting of redemptions and detailed monthly portfolio reporting. Customized reporting to suit your tax or accounting needs is available at no additional cost. |
| PROPERTY DISPOSAL: We operate taxdeed.com, the leading online seller of tax foreclosure real estate in the United States. When our servicing clients obtain tax deed properties through foreclosure on their tax liens managed by Optimum, we can usually dispose of their properties quickly using our online store. We do not collect any additional fees for property disposal- it is included in the portfolio servicing fee. |
| FOR MORE INFORMATION: Contact Dan Friedman by email or call (630) 530-0766 ext. 3, Monday through Friday, 9 a.m. to 5 p.m. Central time. We also publish a newsletter with information of interest to tax lien investors. Please contact us to request a free subscription. |
For more information, including a PowerPoint presentation about our tax lien servicing program, sample client reports, and to review available tax lien portfolios, please contact us to request our standard Nondisclosure Agreement.
Click here to view a recent press release about hedge funds and tax liens.
