Tax Deed Applicaton (TDA) Model

Portfolio Manager = Your point of contact to purchase liens.

Primary Market = Bidding on liens at auction.

Secondary Market = liens that have been vetted and are already purchased by Premier. (you will get access to these from your portfolio manager)

TDA = Tax Deed Application.

Rollup = All of the back taxes on the property including interest.

Face Value (of Lien) = Initial value of the outstanding tax bill. (idle investors pay attention as you only accrue interest on this amount)

Redemptive Amount (of Lien) = Face value plus the interest earned to date.

Idle Strategy = purchase lien and wait to be redeemed

Active Strategy = Filling TDA’s and pushing forward for an outcome on the investment

ROI = Return on investment (yearly)