Real Estate Mortgage Notes

New Auctions for Georgia Notes

Georgia Mortgage Notes, Mortgage Notes For Sale 11.01.2010 No Comments

Check out these new BigBidder.com auctions for notes backed by some beautiful homes throughout Georgia.

Classification: Non-performing
Loan Type: ARM
Total Loan Amount: $477,570
Lien Position: First
Interest Rate: 7.4%
Minimum Bid: 73.29%
Bid Deadline: January 21, 2010

Auction #230-1-6

Classification: Non-performing
Loan Type: Fixed
Total Loan Amount: $328,903
Lien Position: First
Interest Rate: 5.4%
Minimum Bid: 54.73%
Bid Deadline: January 21, 2010

Auction #230-1-8

Classification: Non-performing
Loan Type: Fixed
Total Loan Amount: $159,491
Lien Position: First
Interest Rate: 5.5%
Minimum Bid: 31.35%
Bid Deadline: January 21, 2010

Another Note Auction Enters Last Call!

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!

Tags: Last Call

Unbelievably Low Prices on Select Non-Performing Notes — Minimum Bids of Just 10%!!

Mortgage Notes For Sale 12.12.2009 No Comments

We’ve just added some new notes for auction on BigBidder.com, and with minimum bids of just 10% of the total loan amount, these may be our biggest steals yet! Click on the pictures below to check out the auctions for yourself. To view more information on each note, simply register an account at BigBidder.com. It is free, and allows you to save searches using specific loan criteria.

NOTE: Remember, at BigBidder.com, bids are made in terms of a percentage of the total loan amount.

Auction #136-1-3

Auction #136-1-4

Auction #136-1-7

Tags: mortgage notes, Mortgage Notes For Sale, real estate notes, real estate notes for auction, real estate notes for sale, residential mortgage notes

Performing Notes Attract Dozens of Bids

Mortgage Notes For Sale 10.12.2009 No Comments

Two auctions for performing notes on BigBidder.com ended recently with successful sales after receiving dozens of bids from a number of interested buyers, dispelling the myth that auctions only work for distressed assets. The two auctions yielded almost 40 bids combined, with Last Call®, our patent-pending bid extension process, lasting for days.

Both notes were performing loans made to purchase beautifully built K Hovnanian homes. The combined balance on the two loans was over $1 million. These were not troubled loans, and they were not going to sell at the steep discounts of 60% or more that often characterize distressed asset auctions. But in a market saturated with such assets, there are still many buyers who seek the relative safety that a performing note investment offers.

At BigBidder.com, you can find auctions for mortgage notes of all classes located across the country. Whether you’re looking for the upside potential of a heavily discounted sub-performing note, or the relative security afforded by a consistently performing loan, there is truly something for everyone on BigBidder.com.

Three Auctions Enter Last Call!

Mortgage Notes For Sale 04.12.2009 No Comments

The heat is on at BigBidder.com, where three auctions for loans made to purchase K. Hovnanian homes have entered Last Call, our patent-pending process that extends the bid deadline in one hour increments until no more bids are received, giving everyone a fair chance to submit new bids before the auction ends.

Head over to BigBidder.com today to check out the exciting conclusion to these three auctions. Hurry! There’s no telling how long Last Call will last. Click the links below to check out each auction.

Auction #162-1-1