Category: Investments and funds. Country: United States (USA).
Mooring Tax Asset Group LLC (MTAG) was established in 1997 and has grown to become one of the nations premier firms in the property tax lien industry. MTAG manages the acquisition and servicing of portfolios of delinquent property tax liens in 21 states, covering more than 300 municipalities. From 1997 to 2000, MTAG primarily purchased and serviced its own portfolio. In 2000, the Company began offering services to third parties. At present, MTAG services more than $250 million worth of tax liens for its own account and for third party clients, including institutional investors and other investment companies. MTAG acquires real-estate tax liens at public auctions held by states, counties, and municipalities, which use the money to fund services such as primary education. MTAG performs due diligence on the properties underlying the tax liens, evaluates historical asset performance in the region, and sets bidding parameters prior to each auction. Purchased tax liens are tracked in its proprietary tax lien system, LienTax by Mooring. The property owner pays back taxes to the county, along with statutory interest, and these are forwarded to MTAG. Most tax liens redeem during the statutory redemption period. In a small percentage of instances, it may be necessary for MTAG to take title to the property and sell it to recover its investment. MTAGs tax lien investment and servicing philosophy focuses on: Acquisition of high quality assets through superior due diligence, financial analysis and proprietary systems and procedures. Servicing efficiently through state-of-the-art systems and technology, and superior portfolio analysis. Special Servicing of mature liens by applying specific knowledge and understanding of every state tax lien statute, and by developing relationships and processes with attorneys, brokers, contractors and title companies. MTAG manages the acquisition and servicing of portfolios of property tax liens in 21 states, covering more than 300 municipalities. The majority of its assets are secured by residential properties. MTAG is one of the industrys premier tax lien investing and servicing companies, and has developed significant expertise in all areas of the property tax lien business... Alabama AL, Alaska AK, Arizona AZ, Arkansas AR, California CA, Colorado CO, Connecticut CT, Delaware DE, Washington DC, Florida FL, Georgia GA, Hawaii HI, Idaho ID, Illinois IL, Indiana IN, Iowa IA, Kansas KS, Kentucky KY, Louisiana LA, Maine ME, Maryland MD, Massachusetts MA, Michigan MI, Minnesota MN, Mississippi MS, Missouri MO, Montana MT, Nebraska NE, Nevada NV, New Hampshire NH, New Jersey NJ, New Mexico NM, New York NY, North Carolina NC, North Dakota ND, Ohio OH, Oklahoma OK, Oregon OR, Pennsylvania PA, Rhode Island RI, South Carolina SC, South Dakota SD, Tennessee TN, Texas TX, Utah UT, Vermont VT, Virginia VA, Washington WA, West Virginia WV, Wisconsin WI, Wyoming WY, Puerto Rico US Territories PR.
Address: 8614 Westwood Center Drive, Suite 500, Vienna, Virginia VA 22182, Phone: 703 917 0707 Fax: 703 917 0567
