(YourDigitalWall Editorial):- Bonita Springs, Florida Jun 27, 2022 (Issuewire.com) – Tax Sale Resources (TSR) completes a secondary market transaction of a $4.2 million Florida tax lien portfolio for Edgewater TL Fund, LLC.
“Stephen and the folks at Edgewater are great to work with. We’re excited to bring the secondary market stability and consistency which we felt the space was lacking for many years. The secondary market trade volume is nothing like it was a decade ago and we’ve seen a significant decline in quality portfolios over $1 million for sale in recent years. Edgewater’s was one of the few exceptions.” – Brian Seidensticker, CEO of TSR.
“For us, it made sense to trade mid-cycle since carrying everything through to tax deed application isn’t best for our model. We might look at selling sooner this year, but no guarantees. We always run our model and do what’s best for the portfolio. Tax Sale Resources was excellent to work with as always. They follow a much more structured process with third-party escrow and reconciliations than hasn’t been available from other options in the industry. Running a fund, that’s a significant reduction of risk which I definitely prefer.” – Stephen Chunias, CEO of Edgewater TL Fund.
About Tax Sale Resources (TSR)
Tax Sale Resources specializes in making accurate tax sale information and premier resources easily accessible to investors and other tax sale industry professionals. Services include:
- Research – Tax sale calendar, property data, and research platform.
- Management – Tax lien and REO asset management software.
- Financing – Unique funding solutions before insurable title.
- Trade – Transparent transaction management and escrow services.
For more information, click HERE.
This article was originally published by IssueWire. Read the original article here.