BigBidder.com® – Mortgage Note Auction Leader Reaches $100 Million Milestone
Published July 1st, 2009
With more than $100 million worth of loans for sale stretching across over 40 states, BigBidder.com®, the leading website for the online auction of mortgage notes, undoubtedly has the largest offering of individual notes in the country.
Since its launch, BigBidder® has facilitated the sale of millions of dollars worth of individual notes. With investors thirsty for new places to put their money, many have turned to mortgage notes as a means to invest in real estate without enduring the hassles of home ownership. And for those disappointed with the lackluster returns on traditional investments, mortgage notes can be a lucrative alternative investment, particularly at a time when many banks and mortgage holders are eager to unload their loans for pennies on the dollar.
Why invest in notes? As the owner of a mortgage note bought at discount, the return on investment can be realized by the monthly mortgage payments made by the borrower on the total loan amount. Although the idea of managing these payments can seem daunting to a note investor, BigBidder provides access to third party servicers that can manage these payments as well as the foreclosure process, if that ever becomes necessary.
“BigBidder.com represents a long-overdue opportunity for the general public to invest in mortgage notes,” states Paul Lyons, Senior Vice President, BigBidder.com. “It completely revolutionizes the playing field. Considering the state of the economy and the disappointing returns from traditional investments, BigBidder is a game changer that just can’t be ignored.”
Being the first-of-its-kind to bring what has traditionally been an investment opportunity only at an institutional level; BigBidder.com focuses on the individual buyer, providing tools to assist with the research necessary to make an informed decision. In addition, the eBay-like bidding process gives buyers a clear picture into the transaction. Unlike other purported “auction” sites, there are no back room negotiations; the experts at BigBidder act as facilitators between buyer and seller while ensuring a transparent auction process that is open to all qualified investors. At BigBidder.com, users can search for and bid on notes that fit their individual investment objectives.
To learn more about mortgage note investments, visit BigBidder.com.
BigBidder.com® —a member of the LFC Group of Companies
For more than 30 years, the LFC Group of Companies has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction-marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. The company’s latest venture is the online auction of Notes.
