Welcome! 2015 National Tax Lien Association 1

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1 Welcome! 2015 National Tax Lien Association 1

2 Thank You Sponsors! 2015 National Tax Lien Association 2

3 NTLA Community Service Project 2015 Rebuilding Together NYC is a nonprofit organization for safe and healthy housing that provides repairs and modifications to low-income homes and nonprofit facilities. The mission of Rebuilding Together NYC is to the lives of low-income homeowners by improving the safety and health of their homes and revitalizing their communities National Tax Lien Association 3

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5 Welcome! With over $11 billion dollars of annual unpaid property taxes local governments are increasingly turning to tax lien sales to fund budget shortfalls. Currently 30 states sell delinquent property taxes to the private sector. Today s symposium will explore the benefits of tax lien auctions, bulk sales and securitizations National Tax Lien Association 5

6 2015 National Tax Lien Association 6

7 NTLA Welcomes New 2015 Members: Davenport Financial Law Office of Juda J. Epstein Madison Trust Manley Deas Kochalski LLC Western Sites TC South Florida Properties LLC Alan Watson Lydia Njamfa Carter Legal Group, P.C. Montgomery County OH John Rowe Patrick Kelley Performance Trust Vukota Capital Management TaxServ, LLC Peijyun Sicardi City of West Haven CT 3C Real Estate LLC 2015 National Tax Lien Association 7

8 NTLA Welcomes the Public Sector Cass County, IA City of Bridgeport, CT City of Philadelphia, PA City of West Haven, CT Clark County, IN Cuyahoga County, OH ICTA Law Department of NYC NACCTFO NYC Dept. of Housing Preservation & Development Summit County, OH Town of Cheshire, CT TCTANJ US Sentate Wall Township, NJ 2015 National Tax Lien Association 8

9 NTLA In Action 2015 GOAL ESTABLISH positive, professional relationships with tax collectors, county treasurers, revenue commissioners and other local and state public officials involved with the orchestration of real property tax, land and tax lien sales. ARIZONA County Treasurer s Assoc. Conference NORTH CAROLINA Tax Collectors Assoc. Conference FLORIDA Tax Collectors Executive Training Session NAR Property Taxation Committee Meeting D.C. NACCTFO Annual Conference INDIANA County Treasurer s Assoc. Conference FLORIDA Tax Collectors Annual Forum MONTANA County Treasurer s Convention 2015 National Tax Lien Association 9

10 Illinois Amicus Brief NTLA MISSION BE the primary organization advancing the legislative, regulatory, business, public relations and educational interests of the tax lien industry in the United States. The association is committed to upholding high standards of ethical conduct and operating in accordance with all applicable federal and state laws and administrative rules. THE NTLA s INTEREST AND WHY IT s AMICUS WAS IMPORTANT Case raised issues of vital concern to the nation s real estate tax collection process. Amicus brief will help inform the Court s resolution of this appeal for two primary reasons: 1. Brief provides a unique perspective that can assist the court of appeals beyond what the parties are able to do 2. Brief provides a substantially more detailed discussion of the Illinois Property Tax Code 2015 National Tax Lien Association 10

11 Philadelphia SUCCESSFUL TAX LIEN SALE National Tax Lien Association lends support to Philadelphia in their pilot tax lien sale which produced nearly 44% collections compliance even before a single lien was sold. The City notified 4,091 delinquent taxpayers that their unpaid taxes would be sold to private investors. The results were astounding as 1,414 paid the tax delinquency or entered into a payment agreement. In total, 240 tax liens were sold for $2,109,028 The monies generated from this pilot program will go to fund the budget shortfall for Philadelphia's public schools. The pilot program tested the City's records, the auction software of SRI, Inc. and the investor interest. Increasingly, America's cities are filling their budgetary shortfalls through tax lien sales. Tax lien sales provide local governments with funds to pay for public schools, police-fire services, road construction and other municipal services. The risk of collection is transferred to the tax lien investor which frees up government staff to concentrate on current tax collections National Tax Lien Association 11

12 NTLA Market Research At the end of 2015 the NTLA will be happy to announce its elephant of a research project will come to a close! GOAL ESTABLISH and maintain a database of information relevant to tax lien investment that is accessible to NTLA members for research and business decision issues. With 30 states plus the District of Columbia, at an average of 31 counties per state, collecting data has proved to be a more than tedious venture. The NTLA would like to thank all of its members who lent their expertise during this project. A report will be released in early National Tax Lien Association 12

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15 ,577 TDA s Filed 8,861 Tax Deeds Sold 259 Tax Deeds (Hx) 114,549 MTG Foreclosures ,893 TDA s Filed 8,601 Tax Deeds Sold 58 % Change -19.9% -2.9% -77.6% Tax Deeds (Hx) 112, % MTG Foreclosures 2015 National Tax Lien Association 15

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17 Legislative Efforts 2015 Legislative Monitors TEAM LEADS Jim Meeks, Brad Westover Region 1 - WA, OR, ID, MT, AK, HI Doug Gale, Stephen Seal Region 2 - NJ, WY, ND, SD, NE, KS, CO Adam Greenberg, Neil Harreveld Region 3 - CA, NV, UT, AZ, NM, TX, OK Trey Gulledge, Mark Manoil Region 4 - MD, MN, IA, WI, IL, MO John Stanko, Lydia McEvoy Region 5 - DC, PA, ED, OH, IN, MI Matt O Connell, Dawn Hoosier Region 6 - NY, MA, NH, VT, MA, RI, CT Walt Spader, Carl Fumarola Region 7 - TN, KY, VA, NC, SC, WV Adam Berman, Parker Barnes Region 8 - FL, AR, LA, MS, AL, GA Albert Friedman, Rachel Edelsberg 2015 National Tax Lien Association 17

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32 Today s Program Session 2: NYC Securitization Session 3: The Bulk Solution Session 4: The Auction Solution Session 5: Tax Lien Financing 2015 National Tax Lien Association 32

33 Housekeeping Items Bathroom Locations Lunch Location (3 rd floor) Breaks in back of room Silence Cell Phones 2015 National Tax Lien Association 33

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