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)