APGR Alpine TLI Group, Inc. Announces New Division Specializing in Real Estate Acquisition
9:45a ET February 15, 2008 (Market Wire)
Alpine TLI Group, Inc. (PINKSHEETS: APGR), a full service tax lien and tax deed purchase, research, and property management company, announced today that it has formalized plans for a new division specializing in the acquisition of real estate. Specifically, Alpine will be targeting properties that are delinquent in the payment of their property taxes and where the property owner has little or no interest in maintaining the payment of annual taxes. Most such properties are vacant land with values ranging from $10,000 to $50,000. After significant market research and testing, Alpine believes that many of these properties can be purchased for less than 10% of their value.
Record price declines in real estate have allowed the Company access to exceptional opportunities in many areas of the United States. The national median price drop of 5.8%, to $206,200 from $219,300, was the steepest ever recorded by the National Association of Realtors (NAR), which has been compiling the report since 1979.
M. Taylor Abegg, II, Chief Executive Officer of Alpine TLI Group, Inc., stated, "We have been very impressed with the testing we have preformed and are confidant there is a significant market available that is virtually untouched. Alpine is completely in the driver's seat as to which properties are selected and presented with offers. Our intent is to then market these properties online, which will afford us the ability to tap into international markets. We feel strongly that during 2008, this new division will contribute significantly to Alpine's profitability."
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