Over at BigBidder.com, we’re watching the exciting conclusion to our third Last Call auction of the month! Multiple bidders have stepped up to compete for this non-performing mortgage note made to purchase a home in Naples, Florida. With a minimum bid of just 10 percent of the total loan amount, we had a feeling this note would generation some substantial interest.
The recent bidding activity across a wide range of notes proves that people are starting to realize the potential and versatility of note investing. We received a record number of bids on a few performing notes back in the beginning of the month, a sign that some investors seek the relative security afforded by a performing loan investment. Meanwhile, the recent Last Call action for this non-performing note in Florida demonstrates that there are still many buyers out there looking to take advantage of heavily discounted distressed assets.
Mortgage note investing on BigBidder.com does require a bit more mental legwork (i.e. background research, planning, an understanding of the basics of note investing) than simply buying stock on E*Trade. However, in return, investors on BigBidder.com gain access to a lucrative alternative investment that was previously only available to Wall Street insiders and those whose rolodex was filled to the brim with financial institution executives. There truly has never been a better time to invest in notes. The deals are unprecedented and the opportunities are limitless. Head over to BigBidder.com today to get started!
