ExtraktData

Predicting Tax Lien Volume, Part 1

We finally had some time to start on our project of predicting next month’s tax lien volume.  Predicting the next value in a time series is often difficult, but we figured we would give it a shot and see what happened. The data for this analysis was extracted from our internal...

What’s New at Extrakt?

ExtraktData has spent the past several months listening to our customers and based on your feedback we’ve made some changes.  Due to popular request, we now offer the option to purchase our tax lien data online and also sell aged leads. Customers can choose from four...

Adventures in Predictive Analytics

In my last blog, Eliminating the Guessing Game of Yesterday, I shared my recent obsession for business intelligence and predictive analytics. ExtraktData’s technologist and I have been experimenting with our data a lot since then.  Our main goal is to develop a model that can...

Eliminating the Guessing Game of Yesterday

Companies are collecting leagues of data every day.  Typically, that data just sits in a warehouse, with the enormous task of analyzing it and implementing the findings. A recent business intelligence (BI) class has retooled the way I view data.  Until I took the class, I was...

Connecting to your Sales Leads

Accurate phone numbers can be hard to come by.  Phone number databases sold by the big boys are expensive and outdated.  And searching the web yourself can be time consuming and tedious.  Append rates and accuracy vary widely.  Is it worth all the effort? From my experience,...

WHAT YOU NEED TO KNOW: States with the Highest Total ($) Owed

One thing I have noticed is that lien buyers are concerned with total ($) owed on each lien.  That is to say our customers only want leads with totals above a specific amount, usually $10,000.  One might assume that states such as California and New York would have the highest...

WHAT YOU NEED TO KNOW: And The State With the Mostess Is…

  California!  14% of all tax liens are filed in California, followed by Florida, and then Texas.  Are you surprised? I mean California does have the highest population of any state, a whopping 37,253,956 people.  California, Florida, Texas, New York, and Illinois are the...

WHAT YOU NEED TO KNOW: Seasonal Fluctuations in Lien Volume

It never fails, every September I get a call from a client saying “Hey, why is federal lien volume so low?” then every May I get a call “Hey we are swamped, why is federal lien volume so high?”  And every year I explain this is partially due to seasonal fluctuations in lien...

WHAT YOU NEED TO KNOW: Tax Liens are Counter Cyclical to the Economy

Over the last few months I performed an in-depth analysis of IRS data on federal tax lien filings from 1990 through 2013.  This data mining exercise yielded some very interesting results and revealed some of the drivers behind the volume of federal tax lien filings.  The analysis...

WHAT YOU NEED TO KNOW: IRS Fresh Start Initiative

Over the last couple of years, the pace of federal tax lien filings have decreased.  There are many reasons for this, but one in particular to be aware of is the Internal Revenue Service’s Fresh Start initiative. Fresh Start is intended to make it easier for individuals and...