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Tax Lien Industry CEO Establishes Servicing - Foreclosure Management Group

PENSACOLA, Fla., Oct. 24, 2012 /PRNewswire/ -- Howard C. Liggett, executive director of the National Tax Lien Association from 1999-2011, is now company president of Distressed Real Estate Consulting Services, Inc. Headquartered in Pensacola, Florida, the Company was founded specifically to provide complete end-to-end servicing for those hedge funds, institutional investors, family offices, pension funds, REIT's and opportunity funds that include or are considering the inclusion of real estate tax liens within their portfolio of alternative assets.

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"Tax liens issued by local government revenue authorities continue to be attractive short term, low risk, moderate to high yield, well collateralized debt receivables," Liggett states. Nationwide, lien to value ratios range from 3% to 10% of the underlying property value while the annual volume available for purchase is ten to twelve billion dollars.

Distressed Real Estate Consulting Services, Inc. is widely recognized as one of the nation's most knowledgeable and experienced tax lien and distressed asset management firms. "Our strength and competitive advantage rests with the sum total of both public and private sector experience we offer our clients and fund partners," Liggett explains.

The firm is also established as a property management and default services provider to the banking industry in response to the burgeoning inventory of OREO that many lenders must now seek to monetize. Liggett states, "Protecting and preserving mortgage and tax defaulted assets is critical to loss mitigation for both the lending facility and the communities where the defaulted properties are located."

Mr. Liggett's resume includes 21 years as a Florida County tax collector whose tax lien policy expertise was tapped by Florida Governor Jeb Bush with his appointment of Liggett in 2003 to the state's Property Tax Administration Task Force. Again, in 2010 Wall Street called upon Mr. Liggett to assist in the construction of a true secondary market platform for the listing and sale of aged tax lien receivables. The GFI Group hired Mr. Liggett to serve as Co-Head of its Tax Receivable Desk.

The company contact information follows:

Distressed Real Estate Consulting Services, Inc.
223 West Gregory Street
Pensacola, FL 32502
Tel: 850.434.3100
Fax: 850.434.3103
Mobile: 850.261.2072
Email: info@drecsinc.com
Web: www.drecsinc.com

SOURCE Distressed Real Estate Consulting Services, Inc.