# EDGAR Filing Document

**Accession Number:** 0002092710
**File Stem:** 0001999371-25-016197
**Filing Date:** 2025-10
**Character Count:** 32466
**Document Hash:** 303edbe63a8b9eb62e8cf9b4a246c5ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-016197.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001999371-25-016197

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20251027

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AAMG Tax Auctions, LLC
- **CENTRAL INDEX KEY:** 0002092710

**ORGANIZATION NAME:**
- **EIN:** 333566327
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08040
- **FILM NUMBER:** 251420640

**BUSINESS ADDRESS:**
- **STREET 1:** 500 FRANK W. BURR BLVD. STE 720
- **CITY:** TEANECK
- **STATE:** NJ
- **ZIP:** 07666
- **BUSINESS PHONE:** 322-277-0498

**MAIL ADDRESS:**
- **STREET 1:** 500 FRANK W. BURR BLVD. STE 720
- **CITY:** TEANECK
- **STATE:** NJ
- **ZIP:** 07666
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AAMG Tax Auctions, LLC
- **CENTRAL INDEX KEY:** 0002092710

**ORGANIZATION NAME:**
- **EIN:** 333566327
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 500 FRANK W. BURR BLVD. STE 720
- **CITY:** TEANECK
- **STATE:** NJ
- **ZIP:** 07666
- **BUSINESS PHONE:** 322-277-0498

**MAIL ADDRESS:**
- **STREET 1:** 500 FRANK W. BURR BLVD. STE 720
- **CITY:** TEANECK
- **STATE:** NJ
- **ZIP:** 07666
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AAMG Tax Auctions, LLC
- **CENTRAL INDEX KEY:** 0002092710

**ORGANIZATION NAME:**
- **EIN:** 333566327
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 500 FRANK W. BURR BLVD. STE 720
- **CITY:** TEANECK
- **STATE:** NJ
- **ZIP:** 07666
- **BUSINESS PHONE:** 322-277-0498

**MAIL ADDRESS:**
- **STREET 1:** 500 FRANK W. BURR BLVD. STE 720
- **CITY:** TEANECK
- **STATE:** NJ
- **ZIP:** 07666

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549<br>FORM ABS-15G<br>ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☐ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period_________ to ___________

Date of Report (Date of filing) __________________

Commission File Number of securitizer: __________________

Central Index Key Number of securitizer:__________________

------

Name and telephone number, including area code, of the person<br> to contact in connection with this filing

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(l) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: <u>0002092710</u>

Acacia 2025-1, LLC

------

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): <u>Not applicable</u>

Central Index Key Number of underwriter (if applicable): <u>Not applicable</u>

Charles Gargano, Vice President, 551-230-2209

------

Name and telephone number, including area code, of the person<br> to contact in connection with this filing

**PART 1: REPRESENTATION AND WARRANTY INFORMATION**

**Item 1.01 Initial Filing of Rule 15Ga-1 Representations and Warranties Disclosure**

Not Applicable

**Item 1.02 Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure**

Not Applicable

**Item 1.03 Notice of Termination of Duty to File Reports under Rule 15Ga-1**

Not Applicable

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer**

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibits to this Form ABS-15G. Please see the Exhibit Index for the related information.

**Item 2.02 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Underwriter**

Not Applicable

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **AAMG TAX AUCTIONS, LLC** | **AAMG TAX AUCTIONS, LLC** |
| Date: October 27, 2025 | By: | /s/ Charles Gargano |
|  |  | Name: Charles Gargano<br>Title: Vice President |

---

**EXHIBIT INDEX**

**<u>Exhibit Number</u>**

[99.1](ex99-1.htm) Independent Accountants' Agreed-Upon Procedures Report, dated October 24, 2025

## Exhibit 99.1

[AAMG Tax Auctions, LLC ABS-15G](acacia-abs15g_102725.htm)

**Exhibit 99.1**

![](ex991001.jpg)

![](ex991002.jpg)

**Independent Accountants' Agreed-Upon Procedures Report**

AAMG Tax Auctions, LLC (the "Company")<br> Capital One Securities, Inc.

(together, the "Specified Parties")

Re: Acacia 2025-1, LLC – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "Acacia 2025-1 Tax Lien Data Tape_As of 9.12.2025_KPMG v2.xlsx" provided by the Company on October 17, 2025, containing information on 13,915 tax liens as of September 12, 2025 (the "Data File"), which we were informed are intended to be included as collateral in the offering by Acacia 2025-1, LLC. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

• The
 term "compared" means compared to the information shown and found it to be
 in agreement, unless otherwise stated. Such compared information was deemed to be in
 agreement if differences were within the reporting threshold.

• The
 term "recomputed" means recalculated and compared the result to the information
 shown and found it to be in agreement, unless otherwise stated. Such recomputed information
 was deemed to be in agreement if differences were within the reporting threshold.

• The
 term "reporting threshold" means that dollar amounts, percentages, Purchase
 Date were within $1.00, 0.1%, and 3 days, respectively, except for dollar amounts related
 to Market Value which were within $20.00.

• The
 term "Initial Data File" means an electronic data file entitled "Acacia
 2025-1 Tax Lien Data Tape_As of 9.12.2025_KPMG.xlsx" provided by the Company on
 September 25, 2025, containing information on 13,915 tax liens as of September 12, 2025.

• The
 term "Cutoff Date" means September 12, 2025.

• The
 term "Data File Extract Date" means September 16, 2025, related to the Recomputed
 Interest Amount and Recomputed Redemptive Value for the Selected Tax Liens.

![](ex991003.jpg)

![](ex991004.jpg)

• The
 term "Sources" means the following information and documents provided as
 electronic copies and/or electronic images by the Company:

Bidder Purchase Details, Bidder Receipt, Buyer Activity, Certificate Details, Certificate of Delinquency Lien, Certificate of Purchase, Certificate of Redemption, Certificate of Sale, County Assessor History, Delinquent Property Tax, Fee Detail, Fee Invoice, Final Auction Invoice, Property Details, Property Record, Property Tax Information, Property Valuation, Tax Sale Bidder Application, Tax Sale Certificate, Tax Sale Details, Tax Sale Overview, Tax Sale Report, and/or Winning Bid Summary;

Property Type and Market Value (property appraisal value) related to one or more tax liens sold by a specific county, which we obtained from the specific county assessor's websites ("County Assessor's Websites") listed in Exhibit B;

Excel files containing the transaction history for Selected Tax Liens in Illinois (the "Illinois Transaction History Files") which the Company represented was extracted from the Company's servicing system.

Excel files detailing each state's statutory interest rate, statutory penalty rate, interest rate accrual methodology, and penalty rate accrual methodology (the "State Interest Overview Files").

• The
 term "Instructions" means the instructions provided by the Company pertaining
 to a procedure, attribute, or methodology listed in Exhibit C.

• The
 term "Provided Information" means the Initial Data File, Cutoff Date, Data
 File Extract Date, Sources, and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

A. We
 randomly selected a sample of 100 Tax Liens from the Initial Data File (the "Selected
 Tax Liens"). A listing of the Selected Tax Liens is attached hereto as Exhibit
 A. For purposes of this procedure, the Company did not inform us of the basis they used
 to determine the number of Tax Liens we were instructed to randomly select from the Initial
 Data File.

B. For
 each Selected Tax Lien, we compared or recomputed the specified attributes in the Initial
 Data File listed below to or using the corresponding information included in the Sources,
 utilizing the Instructions, as applicable. The Specified Parties indicated that the absence
 of any of the information in the Sources or the inability to agree the indicated information
 from the Initial Data File to the Sources for each of the attributes identified, utilizing
 the Instructions, as applicable, constituted an exception. The Sources are listed in
 the order of priority.

---

| | |
|:---|:---|
| &nbsp;&nbsp;<u>Attribute</u> | &nbsp;&nbsp;<u>Sources/Instructions</u> |
| &nbsp;&nbsp;Purchase Date | &nbsp;&nbsp;Bidder Purchase Details, Bidder Receipt, Buyer Activity, Certificate Details, Certificate of Delinquency Lien, Certificate of Purchase, Certificate of Sale, Final Auction Invoice, Tax Sale Certificate, Tax Sale Details, Winning Bid Summary, and Instructions |
| &nbsp;&nbsp;Tax Year/Vintage | &nbsp;&nbsp;Bidder Purchase Details, Bidder Receipt, Buyer Activity, Certificate Details, Certificate of Delinquency Lien, Certificate of Purchase, Certificate of Sale, Final Auction Invoice, Tax Sale Certificate, Tax Sale Details, or Winning Bid Summary |
| &nbsp;&nbsp;Bankruptcy | &nbsp;&nbsp;Instructions |

---

![](ex991004.jpg)

---

| | |
|:---|:---|
| &nbsp;&nbsp;<u>Attribute</u> | &nbsp;&nbsp;<u>Sources/Instructions</u> |
| &nbsp;&nbsp;County | &nbsp;&nbsp;Bidder Purchase Details, Certificate Details, Certificate of Delinquency Lien, Certificate of Purchase, Certificate of Sale, County Assessor History, Final Auction Invoice, Property Details, Property Record, Property Tax Information, Tax Sale Certificate, Tax Sale Report, or Winning Bid Summary |
| &nbsp;&nbsp;Address | &nbsp;&nbsp;Bidder Purchase Details, Buyer Activity, Certificate of Delinquency Lien, Certificate of Purchase, Certificate of Sale, Final Auction Invoice, Property Details, Property Record, Tax Sale Certificate, or Tax Sale Details |
| &nbsp;&nbsp;State | &nbsp;&nbsp;Bidder Purchase Details, Certificate of Delinquency Lien, Certificate of Purchase, Certificate of Sale, County Assessor History, Final Auction Invoice, Property Details, Property Record, Property Tax Information, Tax Sale Certificate, Tax Sale Report, Winning Bid Summary, or County Assessor's Websites |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Property Details, Property Record, Property Tax Information, Property Valuation, County Assessor's Websites, and Instructions |
| &nbsp;&nbsp;Current Interest Rate | &nbsp;&nbsp;Bidder Purchase Details, Certificate Details, Certificate of Purchase, Certificate of Redemption, Certificate of Sale, Delinquent Property Tax, Tax Sale Bidder Application, Tax Sale Certificate, Tax Sale Overview |
| &nbsp;&nbsp;Tax Amount | &nbsp;&nbsp;Bidder Purchase Details, Certificate Details, Certificate of Delinquency Lien, Certificate of Purchase, Certificate of Sale, Final Auction Invoice, Tax Sale Certificate, Tax Sale Details, Winning Bid Summary, and Instructions |
| &nbsp;&nbsp;Overbid Amount | &nbsp;&nbsp;Bidder Purchase Details, Bidder Receipt, Certificate of Purchase, Certificate of Sale, Final Auction Invoice, Tax Sale Certificate, Tax Sale Details, Winning Bid Summary and Instructions |
| &nbsp;&nbsp;Reimbursable Fees | &nbsp;&nbsp;Fee Detail, Fee Invoice, Tax Sale Certificate, and Instructions |
| &nbsp;&nbsp;Assessed Value | &nbsp;&nbsp;County Assessor's Websites, Certificate Details, Property Details, Property Record, Property Tax Information, Property Valuation, Tax Sale Report, and Instructions |
| &nbsp;&nbsp;Recomputed Redemptive Value | &nbsp;&nbsp;Interest Amount, Tax Amount, Subsequent Tax Amount, Prior Tax Amount, Overbid Amount, and Penalty Amount from the Initial Data File, and Instructions |
| &nbsp;&nbsp;Recomputed Interest Amount | &nbsp;&nbsp;Tax Amount, Overbid Amount, Prior Tax Amount, Purchase Date, and Current Interest Rate from the Initial Data File, statutory interest rate and accrual methodology in the State Interest Overview Files, Illinois Transaction History Files, and Instructions |
| &nbsp;&nbsp;Recomputed Combined OLTV | &nbsp;&nbsp;Redemptive Value and Assessed Value from the Initial Data File, and Instructions |

---

We found such information to be in agreement, except as listed in Exhibit D and certain Selected Tax Liens with differences related to Assessed Value and Recomputed Combined OLTV.

![](ex991004.jpg)

C. The
 Company identified that the Assessed Value field and Recomputed Combined OLTV field in
 the Initial Data File were not populated correctly from the Company's servicing
 system. The Data File reflects the revision of the Assessed Value field and Recomputed
 Combined OLTV field as determined appropriate by the Company. We reperformed Procedure
 B for the Selected Tax Liens in the Data File.

We found such information to be in agreement, except as listed in Exhibit D.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Initial Data File, Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the tax liens, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the tax liens to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such tax liens being securitized, (iii) the compliance of the originator of the tax liens with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the tax liens that would be material to the likelihood that the issuer of the asset-backed securities will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s /KPMG LLP

Irvine, California<br> October 24, 2025

**Exhibit A** – **The Selected Tax Liens**

---

| | | | |
|:---|:---|:---|:---|
| <u>Selected Tax Lien</u> | &nbsp;&nbsp;&nbsp;&nbsp;<u>Selected Tax Lien ID\*</u> | <u>Selected Tax Lien</u> | &nbsp;&nbsp;&nbsp;&nbsp;<u>Selected Tax Lien ID\*</u> |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-01 | 51 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-51 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-02 | 52 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-52 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-03 | 53 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-53 |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-04 | 54 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-54 |
| 5 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-05 | 55 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-55 |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-06 | 56 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-56 |
| 7 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-07 | 57 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-57 |
| 8 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-08 | 58 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-58 |
| 9 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-09 | 59 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-59 |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-10 | 60 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-60 |
| 11 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-11 | 61 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-61 |
| 12 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-12 | 62 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-62 |
| 13 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-13 | 63 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-63 |
| 14 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-14 | 64 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-64 |
| 15 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-15 | 65 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-65 |
| 16 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-16 | 66 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-66 |
| 17 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-17 | 67 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-67 |
| 18 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-18 | 68 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-68 |
| 19 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-19 | 69 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-69 |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-20 | 70 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-70 |
| 21 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-21 | 71 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-71 |
| 22 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-22 | 72 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-72 |
| 23 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-23 | 73 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-73 |
| 24 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-24 | 74 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-74 |
| 25 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-25 | 75 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-75 |
| 26 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-26 | 76 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-76 |
| 27 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-27 | 77 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-77 |
| 28 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-28 | 78 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-78 |
| 29 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-29 | 79 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-79 |
| 30 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-30 | 80 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-80 |
| 31 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-31 | 81 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-81 |
| 32 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-32 | 82 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-82 |
| 33 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-33 | 83 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-83 |
| 34 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-34 | 84 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-84 |
| 35 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-35 | 85 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-85 |
| 36 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-36 | 86 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-86 |
| 37 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-37 | 87 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-87 |
| 38 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-38 | 88 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-88 |
| 39 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-39 | 89 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-89 |
| 40 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-40 | 90 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-90 |
| 41 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-41 | 91 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-91 |
| 42 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-42 | 92 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-92 |
| 43 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-43 | 93 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-93 |
| 44 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-44 | 94 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-94 |
| 45 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-45 | 95 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-95 |
| 46 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-46 | 96 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-96 |
| 47 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-47 | 97 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-97 |
| 48 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-48 | 98 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-98 |
| 49 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-49 | 99 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-99 |
| 50 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-50 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;2025-1-100 |

---

(\*) The Company has assigned a unique Selected Tax Lien ID to each tax lien in the Initial Data File and Data File. The Selected Tax Lien IDs referred to in this Exhibit are not the actual Tax Lien IDs.

**Exhibit B – County Assessor's Websites (provided by the Company)**

---

| | | |
|:---|:---|:---|
| <u>State</u> | <u>County</u> | <u>Website</u> |
| Alabama | Mobile | https://esearch.mobilecopropertytax.com/ |
| Arizona | Maricopa | https://mcassessor.maricopa.gov |
| Florida | Lee | https://www.leepa.org |
| Florida | Hillsborough | https://www.hcpafl.org/ |
| Florida | Pinellas | https://www.pcpao.gov |
| Illinois | Cook | https://assessorpropertydetails.cookcountyil.gov |
| Illinois | DuPage | https://propertylookup.dupagecounty.gov |
| Illinois | Kane | https://kaneil.devnetwedge.com |
| Illinois | Kankakee | https://kankakeeil.devnetwedge.com |
| Illinois | Lake | https://tax.lakecountyil.gov |
| Kentucky | Henderson | https://beacon.schneidercorp.com/ |
| Maryland | Baltimore City | https://sdat.dat.maryland.gov/RealProperty/Pages/default.aspx |
| Mississippi | Hinds | https://www.co.hinds.ms.us/ |
| Mississippi | All other counties | https://www.deltacomputersystems.com |
| South Carolina | Richland | https://property.spatialest.com/sc/richland# |

---

**Exhibit C – Instructions**

---

| | |
|:---|:---|
| &nbsp;&nbsp;<u>Attribute</u> | &nbsp;&nbsp;<u>Instructions</u> |
| &nbsp;&nbsp;Purchase Date | &nbsp;&nbsp;For Selected Tax Lien #53, we were instructed by the Company to compare the month and year of the "Tax Sale Date" field in the Initial Data File or the Data File, where applicable, to the Bidder Purchase Details. |
| &nbsp;&nbsp;Bankruptcy | &nbsp;&nbsp;Consider a value other than "Bankruptcy" in the "Tags" field in the Initial Data File or the Data File, where applicable, to represent that the Selected Tax Lien is not in Bankruptcy. We were informed by the Company that none of the Selected Tax Liens were in Bankruptcy. |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Consider a Property Type of "Residental" in the Initial Data File or the Data File, where applicable, to be "Residential" |
| &nbsp;&nbsp;Tax Amount | &nbsp;&nbsp;For Selected Tax Liens #1 and #2, we were instructed by the Company to subtract the $5 nonredeemable processing fee in the State Interest Overview Files from the total Tax Amount. |
| &nbsp;&nbsp;Overbid Amount | &nbsp;&nbsp;For Selected Tax Liens with a value of "0" in the "Premium" field in the Initial Data File or the Data File, where applicable, consider the Overbid Amount to be $0. |
| &nbsp;&nbsp;Reimbursable Fees | &nbsp;&nbsp;For Selected Tax Liens with a value of "0" in the "Redeemable Fees" field in the Initial Data File or the Data File, where applicable, consider the Reimbursable Fees to be $0. |
| &nbsp;&nbsp;Assessed Value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consider the market value in the Sources to be the Assessed Value for Selected Tax Liens in the following counties:<br>- Cook County, Illinois<br>- DuPage County, Illinois<br>- Greene County, Missouri<br>- Kankakee County, Illinois<br>- Lake County, Illinois<br>- Montgomery County, Maryland<br>- Pinellas County, Florida<br>- Richland, South Carolina<br>For Selected Tax Liens in Cook County, Illinois, if the market value was not listed in the Sources, recompute the market value as the product of (i) the assessed value in the Sources and (ii) 10.<br>|
| &nbsp;&nbsp;Recomputed Redemptive Value | &nbsp;&nbsp;Recompute as the sum of "Accrued Interest," "Beginning Balance," "Sub Tax Total," "Prior Tax," "Penalty Amount," "Redeemable Fees," and "Premium" fields in the Initial Data File or the Data File, where applicable. |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;<u>Attribute</u> | &nbsp;&nbsp;<u>Instructions</u> |
| &nbsp;&nbsp;Recomputed Interest Amount | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recompute as the sum of:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the product of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the "Beginning Balance" field in the Initial Data File or the Data File, where applicable,<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the "Beginning Balance Rate" field in the Initial Data File or the Data File, where applicable, and the respective statutory interest accrual methodology from the State Interest Overview Files, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the number of days between the "Tax Sale Date" field in the Initial Data File or the Data File, where applicable, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. For Selected Tax Liens not in Alabama, the Data File Extract Date;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. For Selected Tax Liens in Alabama, June 30, 2025;<br>&nbsp;&nbsp;&nbsp;&nbsp;(b) for Selected Tax Liens in Illinois, the sum of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the product of,<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the subsequent tax amount in the Illinois Transaction History Files,<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the "Sub Lien Rate" field in the Initial Data File or the Data File, where applicable, and the respective statutory interest accrual methodology from the State Interest Overview Files, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. the number of days between the subsequent tax payment date in the Illinois Transaction History Files and Data File Extract Date, and,<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the product of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the "Prior Tax" field in the Initial Data File or the Data File, where applicable,<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the "Beginning Balance Rate" field in the Initial Data File or the Data File, where applicable, and the respective statutory interest accrual methodology from the State Interest Overview Files, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. the number of days between the prior tax payment date in the Illinois Transaction History Files and Data File Extract Date, and,<br>&nbsp;&nbsp;&nbsp;&nbsp;(c) for Selected Tax Liens in Indiana, the product of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the "Premium" field in the Initial Data File or the Data File, where applicable,<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the "Beginning Balance Rate" field in the Initial Data File or the Data File, where applicable, and the respective statutory interest accrual methodology from the State Interest Overview Files, and |

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| | |
|:---|:---|
| &nbsp;&nbsp;<u>Attribute</u> | &nbsp;&nbsp;<u>Instructions</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the number of days the "Tax Sale Date" field in the Initial Data File or the Data File, where applicable, and the Data File Extract Date, and,<br>&nbsp;&nbsp;&nbsp;&nbsp;(d) the product of (i) the statutory penalty rate and accrual methodology from the State Interest Overview Files and (ii) the "Beginning Balance" field in the Initial Data File or the Data File, where applicable.<br>For Selected Tax Liens in Mississippi with a Purchase Date on or after August 12, 2025, consider the Interest Amount to be $0.<br>|
| &nbsp;&nbsp;Recomputed Combined OLTV | &nbsp;&nbsp;Recompute as the "Total Red Recalc" field divided by the "Assessed Value Assessor FMV" field in the Initial Data File or the Data File, where applicable. |

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**Exhibit D - Exception List**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Selected <u>Tax Lien #</u> | &nbsp;&nbsp;Selected <u>Tax Lien ID</u> | &nbsp;&nbsp;<u>Attribute</u> | &nbsp;&nbsp;Per <br> <u>Initial Data File</u> | &nbsp;&nbsp;Per <br> <u>Data File</u> | &nbsp;&nbsp;Per <br> <u>Sources/Instructions</u> |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;2025-1-25 | &nbsp;&nbsp;Current Interest Rate | &nbsp;&nbsp;3.00% | &nbsp;&nbsp;3.00% | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;2025-1-36 | &nbsp;&nbsp;Current Interest Rate | &nbsp;&nbsp;1.67% | &nbsp;&nbsp;1.67% | &nbsp;&nbsp;20.00% |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;2025-1-37 | &nbsp;&nbsp;Current Interest Rate | &nbsp;&nbsp;1.67% | &nbsp;&nbsp;1.67% | &nbsp;&nbsp;20.00% |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;2025-1-85 | &nbsp;&nbsp;Address | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;Redacted |
| &nbsp;&nbsp;95 | &nbsp;&nbsp;2025-1-95 | &nbsp;&nbsp;Assessed Value | &nbsp;&nbsp;$3370000 | &nbsp;&nbsp;$3370000 | &nbsp;&nbsp;$1924700 |
| &nbsp;&nbsp;99 | &nbsp;&nbsp;2025-1-99 | &nbsp;&nbsp;Assessed Value | &nbsp;&nbsp;$511500 | &nbsp;&nbsp;$511500 | &nbsp;&nbsp;$55000 |

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