Posted by Lindsay on July 29, 2011 under News | 
DSNews
Carrie Bay reports Mortgage Electronic Registration Systems, Inc., “was designed as a paperless property registry to facilitate the transfer of mortgages. The system is also used by communities to identify parties responsible for vacant properties.” – Carrie Bay
However in March, following investigations and court filings, MERS announced in March that it would discontinue its services banning members from utilizing them as a foreclosure agent.
Independent investigations launched in Massachusetts and Delaware. Status TBD whether MERS, “has violated state foreclosure and real property statutes.”
Meanwhile big names including Fannie and Freddie, “have stopped foreclosing in the name of MERS already.”
Posted by RealtyNoteBid.com Team on May 30, 2011 under About |
We would like to introduce you to RealtyNoteBid.com. Your Distressed Debt Investments resource. RealtyNoteBid.com is an online real estate note auction exchange where real estate investors can purchase non-performing, first lien position residential and commercial notes/loans from a number of lenders throughout the United States.
Investors will no longer need to track down the bank officer responsible for handling these non-performing loans. Our distressed debt investments auction website handles that for you.01
RealtyNoteBid.com is simple and easy to use. Pertinent information regarding the loan and the property which secures the loan is uploaded onto the website. This will include a copy of the Note, the recorded Deed of Trust or Mortgage which secures the note, title and insurance information, pictures of the property and other specific information regarding the note.
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Tags: bank note auctions, Deeply Discounted Real Estate Notes, Distressed Debt Investments, Distressed Notes, foreclosure auctions, invest in real estate notes, non-performing loans, Non-Performing Residential Loans, On-line Real Estate Auctions, Pre-foreclosure, real estate auctions
Posted by Crystal on January 20, 2011 under Auctions |
Another great value proposition from RealtyNoteBid.com. Today we are featuring a non-performing note securing a 3 bedroom 1 full bath residential home located in Memphis, Tennessee. Currently the note is up for auction at a bid price of $16,500 — that is 73% off the current principal balance. The note is discounted in order to sell quickly, so take a look and place your final bids now!
Starting Bid: $16,500
This starting bid is at 73% discount of the current principal balance.
Single-Family Residential Home
3 bedrooms
1 full bath
Approx. 1,098 sq. ft.
Google Map
View this auction at RealtyNoteBid.com:
Auction 101389
Posted by Crystal on January 17, 2011 under Auctions |
This non-performing note secures a 3 bedroom 2 full bath residential home located in Cape Coral, Florida. The lender has discounted the note in order to sell. This auction is live, so place your bids now!
Starting Bid: $17,500
This starting bid is at a 90% discount to the original note amount.
Single-Family Residential Home
3 bedrooms
2 full baths
Approx. 1,212 sq. ft.
Google Map
View this auction at RealtyNoteBid.com:
Auction 101733
