Corvus Financial, LLC currently purchases Certificates of Purchase for real property tax liens. Lien pools are stratified according to two different criteria:

Tranche 1 – 10% Portfolio Weighting

Residential properties believed to have the highest propensity to foreclose. The target for Tranche 1 is to acquire liens that will enable Corvus Financial, LLC or one of its clients to foreclose on the property owner's right to redeem after a state-required waiting period (typically three years).Very few tax liens actually end up in foreclosure, so Tranche 1 properties are the proverbial "needle in a haystack."

Tranche 2 – 90% Portfolio Weighting

Residential properties believed to produce the highest yield to maturity. Although stated interest rates for tax liens can be quite high (16% simple interest maximum in Arizona for example), many liens redeem early which creates reinvestment risk. The target for Tranche 2 is to acquire liens that have both a high interest rate, as well as a maturity time that is as close to the minimum holding period for foreclosure as possible.