XStreamInfo’s New Tax Auction Data Platform Provides End-to-End Auction Workflow, Data, Due Diligence and Opportunity Management Tools

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Investors can use the Tax Auction Data Management Suite to minimize risk, identify profitable opportunities and review several auctions at once, all within a workflow management platform.

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“Maintaining a complete and accurate picture of all upcoming tax deed and tax lien auctions has never been easier,” said Kendall Bond, CEO of Tax Auction Data.

XStreamInfo ®, a provider of advanced real estate information solutions powered by data, analytics, workflow processing and decisioning, has unveiled its Tax Auction Data Management Suite that provides configurable solutions to meet clients’ specific investment criteria, solve their tax auction management problems and identify high-return opportunities related to tax liens and tax deeds.

The Tax Auction Data Management Suite identifies upcoming sales and provides the County and type of sale in an easy to use calendar or list format. Once the user selects a County that they are interested in then they can sort the assets using several different criteria, including but not limited to; bedroom, bath, structure square footage, lot square footage, property type, and year built. The manual process in gathering this information is time consuming and usually full of errors. This is just one part of the process that was identified as a reason that many investors fail to move forward in a tax auction and purchase a tax deed or tax lien.

If the County data has not yet been extracted for an upcoming auction the user can select from a list of upcoming auctions and request the data be placed in the calendar. The information is then pulled and placed in the same format within 24-48 hours. With so many auctions nationwide many of the auctions are not seen as a priority and simply not loaded into the system.

Enabling users to identify and capitalize on specific property criteria, lien data, comparables, and more, will open up auction portfolio opportunities and support specific investment strategies. One investor may be focused on single family properties with the intent of building a real estate portfolio while another may wish to focus on tax liens avoiding property ownership all together but still realizing a ROI of 18% to 25 % in many counties.

“Monitoring one auction is tough in a manual process and trying to manage several auctions is pretty much impossible but many still find themselves operating on inconsistent, manual or poorly thought out processes that do not address the auction process in its entirety. The Tax Auction Data Management Suite allows an investor to not only review several auctions but also apply a due diligence process within those auctions. This allows an investor to have a better chance in acquiring the assets that meet their needs by simply increasing the number of assets they can review,” said Kendall Bond, CEO of Tax Auction Data. “Identifying problems, opportunities and deploying a custom solution for the user is imperative to not only ensure cost savings in the process, but also to maximize revenue and profit potential.”

The solution consists of six core components that can be utilized cohesively, or individually, to address customers’ unique challenges and requirements. The six components address the entire tax auction process utilizing a user dashboard, auction calendar, auction data, property summary with the ability to sort the assets, property detail and goal specific coaching.

“The Suite’s automation is able to provide an accurate, quick and cost-effective auction review every time,” continued Bond. “The technology that drives the automation allows for a faster and more frequent evaluation of the auction assets and reduces the review time and staff needed to perform time-intensive manual reviews on an upcoming tax deed or tax lien auction. Imagine trying to evaluate 4,000 assets in an excel spreadsheet.”

About XStreamInfo and Tax Auction Data

San Diego-based X Stream Info, a data information and analysis company, delivers advanced information solutions powered by higher quality data, innovative analytics and automated decisioning across a national footprint.

The company drives better decision making and improved profitability for the Tax Deed and Tax Lien auction investor through the Tax Auction Data Management Suite. For more information, visit the company’s website at http://www.taxauctiondata.com

Contact For Tax Auction Data
John Alan 800-926-5742

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John Alan
+1 (800) 926-5742
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since: 11/2010
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