Terms & Conditions
Shown below are the terms and conditions (the “Terms”) for all tax lien and tax deed purchases you (sometimes referred to herein as “Assignee”) made through REI Holdings (sometimes referred to herein as “Assignor”).
Upon receipt of the full purchase price for tax liens in good funds, Assignor shall transfer and assign to Assignee any and all of Assignor’s right, interests in and to, including without limitation, any and all redemption proceeds, recoveries, real property interests, rights relating thereto or resulting therefrom the tax liens or tax deeds After that three-day period all sales are final and will not be cancelled, voided, or refunded, except as otherwise provided herein or in the Assignment Agreement executed by the Parties.
In the event that it is determined after your purchase that the rights to a tax lien you have purchased cannot be or was not properly transferred to you then you are entitled to a refund as follows: (i) if such a determination is made within one (1) year following your purchase, you are only entitled to a complete refund of your purchase price and all fees associated with the deficient tax lien; (ii) if such a determination is made more than one (1) year following your purchase, you are entitled to your purchase price and all fees associated with the deficient tax lien, plus interest on the refund amount in the amount of the Federal post judgment interest rate, however in no case no more than five percent (5%) per annum, beginning one (1) year from the date of your purchase of the deficient tax lien.
You, the Assignee acknowledges that REI, the Assignor, has not authorized any employee, agent, representative, broker, third party or other party to make, and to the extent so made, specifically negate and disclaim, any representations, warranties, promises, covenants, agreements or guarantees of any kind or character whatsoever, whether expressed or implied, oral or written, past, present or future, or as to, concerning, or with respect to the tax liens or tax deeds sold to Assignee. Assignor further specifically makes no representation or warranty to Assignee or any of Assignee’s successors and assigns as to the collectability of any tax lien or the value of the property subject to the tax lien or tax deed. Assignee acknowledges and agrees that (I) it is solely responsible for determining the advisability and suitability of and entering into any transaction and hereby assumes all risks related thereto, (II) Assignor assumes no responsibility for such decisions or determinations or the results, returns or losses related to any investment decision made or transaction entered into by Assignee; and (III) Assignee has had the opportunity to review any transactions with REI Holdings with Assignee’s attorney(s) and financial advisor(s) to determine the advisability and suitability of and entering into any transaction with REI Holdings. As an independent, self-directed party, Assignee assumes full responsibility for entering into each and every transaction and Assignee represents that it has conducted its own due diligence, evaluations, analyses, assessments and decisions related hereto prior to entering into this Agreement. Assignee acknowledges and agrees that Assignor shall not have any liability whatsoever for the results or returns of any of the foregoing or any losses incurred by Assignee related thereto. The Assignee acknowledges and agrees that the tax deeds and tax liens are being sold “as is”, “where is” “with all faults”, and without any representation or warranty of any kind or nature, express, implied, or limited, and without any recourse against Assignor. Assignee is solely responsible for taking necessary and required action to perfect Assignee’s tax liens and/or to seek redemption thereof.
Customer acknowledges and agrees that any information regarding tax liens or the properties associated thereto provided by Assignor is courtesy information only and has been given to REI Holdings by third-party providers. Assignor is not responsible for the accuracy of information from third-party providers.
If you are not satisfied with your purchase of the tax liens or tax deeds outlined in this contract, REI Holdings will purchase your portfolio back from you under the following conditions: (1) If the tax deed and/or tax lien have been transferred into your name, we require that they be transferred back to REI Holdings’ name before a refund can be issued; (2) All refund requests must be made in writing to [email protected] within thirty (30) days of your execution of the contract, after which all sales are final; and (3) All buy backs of tax liens and tax deeds are subject to a fifteen percent (15%) restocking fee.
Assignee acknowledges that (i) there is presently no public market for tax liens; (ii) investment in tax liens and transactions involves a degree of risk; (iii) Assignee’s financial condition is such that it can handle the risks associated with such an investment. In the event of a dispute, the Parties submit to the jurisdiction of the State of Utah, waiving any jurisdiction in the State in which the property subject to the Tax Liens is located, and the venue of any proceedings shall be Utah County, State of Utah. The prevailing Party shall be entitled to recovery of its costs and reasonable attorney’s fees.
Customer is aware of the fact that the purchaser, sale, transfer, and ownership of tax lien(s) and/or tax deed(s) are regulated by Applicable Laws, including without limitation the laws of the jurisdiction where the tax liens or tax deeds are issued, and Customer assumes full responsibility for any risks associated therewith and all compliance related thereto without an reliance whatsoever on REI Holdings. The Customer further acknowledges that REI Holdings has not and cannot counsel the Customer on Applicable Laws effecting the purchase, sale, transfer, or ownership of tax liens or tax deeds, the rights and responsibilities conveyed with tax liens or tax deeds, or the returns and risks associated with tax lien or tax deed investment or ownership.
Limitation of liability
Except as otherwise expressly stated herein, in no event shall REI Holdings, nor any of its officers, directors and employees, shall be held liable for anything arising out of or in any way connected with your newly acquired tax lien(s) and/or tax deed(s), whether such liability is under contract. REI Holdings, including its officers, directors and employees shall not be held liable for any indirect, consequential or special liability arising out of or in any way related to your newly acquired tax lien(s) and/or tax deed(s).
You hereby indemnify REI Holdings to the fullest extent allowed by law from and against any and/or all liabilities, costs, demands, causes of action, damages and expenses arising in any way related to your breach of any of the provisions of these Terms.
Any unauthorized reproduction, publication, further distribution, or public exhibition of the materials provided on the Website, in whole or in part, is strictly prohibited. You agree not to reproduce, duplicate, copy, sell, trade, resell, or exploit for any commercial purposes, any portion of the Website, use of the Website, or access to the Website. You also agree not to modify, rent, lease, loan, sell, distribute, or create derivative works based on the Website or www.rei-holdings.com, in whole or in part. You also agree not to give access to the Website or to your account to any other person or entity. Nothing in these terms and conditions gives you any ownership, right, title or interest in the Website or any other intellectual property owned by REI Holdings. Due to the difficulty of the determining the damages caused by a violation of this provision, you agree that REI Holdings shall be entitled to injunctive relief to prevent your misuse of the Website or your User Account. The foregoing is not intended to be a limitation of the remedies available to REI Holdings
Safekeeping of Information
Upon completing the registration process on the “Registration” page, you will create your “User Account” and password. You are responsible for maintaining the confidentiality of the password and User Account and are fully responsible for all activities that occur under your password or User Account. You agree to (a) immediately notify REI Holdings of any unauthorized use of your password or User Account or any other breach of security, and (b) ensure that you exit from your User Account at the end of each session. REI Holdings cannot and will not be liable for any loss or damage arising from your failure to comply with this paragraph.
If any provision of these Terms is found to be invalid under any applicable law, such provisions shall be deleted without affecting the remaining provisions herein.
Variation of Terms
REI Holdings is permitted to revise these Terms at any time as it sees fit, and by using this Website you are expected to review these Terms on a regular basis.
The REI Holdings is allowed to assign, transfer, and subcontract its rights and/or obligations under these Terms without any notification. However, you are not allowed to assign, transfer, or subcontract any of your rights and/or obligations under these Terms.
REI Holdings maintains an ongoing commitment to ensuring that your privacy is protected. Accordingly, any personally identifiable information provided by you to us when you use this website shall be used in accordance with the conditions outlined in this agreement.
This notice applies to all information collected or submitted on the Website. While using the REI Holdings family of Websites, you may have the opportunity to register for services, order products, make requests, and post content. Accordingly, depending on the process, you may be asked to provide the following types of Personally Identifiable Information:
Credit or Debit Card Information
Gender or other demographic information
We may also retain the details of purchases and other transactions or payments made with us or with some of our business partners affiliated with our Website.
REI Holdings takes your privacy very seriously. Accordingly, we agree that we will only use the information you provide for the following specific purposes: to effectuate a registration or transaction made by you; to customize the advertising and content you see; to fulfill your requests for products and services (including purchases); to improve the content and overall look and feel of our Website and services; and to contact you, conduct research, and provide anonymous reporting for internal and external clients, when necessary.
We agree that we will not share, sell, rent or otherwise distribute your Personally Identifiable Information with outside parties, except to provide products or services you’ve requested through us, or in response to a validly-issued subpoena, court order, or other legal process, or when necessary to establish or exercise our legal rights or defend against legal claims made by you or on your behalf.
From time to time, we may employ the use of return email addresses to answer the email we receive from you. Such addresses are not used for any other purpose and are not shared with outside parties.
Finally, we agree that we will never use or share the personally identifiable information provided to us by you in any way that violates or is otherwise unrelated to the means described in this agreement, without also providing you an opportunity to opt-out or otherwise prohibit such unrelated uses. Notwithstanding the foregoing, REI Holdings reserves the right to share non-identifying personal information in order for analytics purposes to provide a better experience.
In order to use some features of the Website, you must first complete the registration process. During registration, you are required to provide certain Personally Identifiable Information, including, but not limited to the information described above (see: “The Information We Collect”). This information will periodically be used by us to contact you about site news, updates and changes to this policy, and to enable you to retrieve your password, if necessary.
Correction of Personally Identifiable Information
So that we may best serve you, you are responsible for ensuring that all Personally Identifiable Information you provide on this site is maintained and kept current.
Please note: No personally identifiable information is collected with the cookies that we set. Accepting cookies while on the Website will not put the user at risk for marketing to other sites.
Web Statistics & Shared Data
We collect and use IP addresses to analyze trends, administer the site, track user movement, and gather broad aggregate demographic information for reporting and sponsorship purposes. IP addresses are not linked to Personally Identifiable Information.
From time to time, we may use non-identifiable aggregate information to better design our Website and to share with select advertising partners, sponsors, and/or affiliates. For example, we may tell an advertiser that X number of individuals visited a certain area on our Website, or that Y number of men and Z number of women filled out our registration form, but we would not disclose anything that could be used to personally identify those individuals.
To prevent unauthorized access, maintain data accuracy, and ensure the correct use of information, we have established appropriate physical, electronic, and managerial procedures to safeguard and secure the information we collect online.
Protecting the privacy of children is especially important to us. For that reason, we never collect or maintain information at our Website from those we actually know are under 13, nor do we allow registration of users under the age of 13.
Scope of this Agreement; Third Party Websites
Although this agreement applies to the entirety of information obtained by you for the purpose of accessing or using content controlled and owned by REI Holdings, it does not apply to entities that are not owned or controlled by us.
This Website contains links to other third party websites or information provided from third parties. REI Holdings does not claim any responsibility for the privacy practices of these third party sites or for the information which they provide. We encourage you to be aware when you leave our site and to take reasonable precautions when sharing your personally identifiable information on third party websites.
You may “opt in” to receive newsletters, promotional offers and other useful information from us. To unsubscribe from our mailings (except important system and content update information detailed below), you may go to the ‘My Account’ section of the Website and edit your personal profile by selecting the “edit my profile” link.
Please note: You may not unsubscribe from receiving service announcements and important content update information regarding the Website, including but not limited to: service and account changes, Website upgrades, and site cancellation or business termination information.
Please report any violations of the Terms and Conditions to [email protected]