Tax Lien Sale in Northern Arizona 8.6% increase in liens

[Jerry K.]

Just looked at the past few years of tax lien lists for Yavapai county Arizona. Noticed there is an 8.6% jump in the number of liens in the auction this year. An additional 390 certificates over the 2011 auction.

Also noticed that the 2010 auction had 221 people/entities that won certificates. In 2011 there were 396 different people who won certificates.

Yet in 2010, there were a total of 278,345 bids placed. But in 2011, only 218,758 bids were placed. I did notice there was a drop in the banks bidding in 2011 - they place 400-700 bids on a single certificate. With the banks gone, less bids and more individual winners.

In 2010, the top winner invested $372,081.27 in total. Second that year was a bank that invested $202,508.37. In 2011 the top winner invested $423,029.24 and the second top investor spent $405,945.48.

The top investor in 2010 averaged 5.32% interest and the number 2 investor (bank) averaged 6.49%. In 2011 the top investor averaged 9.02% and the number 2 investor averaged 9.19%

I found it interesting that the top two investors in 2011 had bidding numbers 52210 and 51209. They both seemed to have 6 subaccounts they bid. They could be the same entity/person or at least know each other.

In total $3.4 million of liens were sold in 2010 and $4.0 million were sold in 2011.

This is what happens when a tax lien geek has a few extra minutes to look at spreadsheets of past results...

Jerry