How To Bid

To place a bid on a Real Estate Note on RealtyNoteBid.com, please follow these simple steps:

To bid, you must first register on the site. Registration is currently free, but it is necessary to establish a Screen Name and password. Register now.

When you are ready to place a bid, you may do so from the Note's Bid Page by clicking the Place Bid button to the left of the photograph. You will then be prompted to enter the Screen Name and Password you selected when you registered. At that point, you will either bid the next bid increment, or a higher bid. You can also login to the system using your email address and password, and then place your bid. The bid process is still the same.

The required bid increment will be indicated on the Note's Bid Page, as is, the RealtyNoteBid.com Internet Transaction Fee. This is the amount you will pay RealtyNoteBid.com in addition to your bid price at the closing. When you bid, you will have BidAssist bid for you while you are away from your computer according to your instructions. To learn more about BidAssist™, visit the Helpful Site Features link in the Learn section of the website. Also, try out the Practice Auction Page to become more familiar with the online bidding process.

Once you submit a winning bid, you will receive an email with instructions on how to proceed with the purchase of the Note.

Notes are available for viewing on the RealtyNoteBid.com website. It is recommended that you view the Note prior to bidding. If you do not view the Note prior to bidding and you win the Note, you will still be required to accept the Note. No representation, express or implied, is made as to the condition of any property which secures any Note. Unless otherwise noted within the Note and property information, all Notes on RealtyNoteBid.com sell as-is, where-is with no contingencies for inspection or financing.

If you are a winning bidder and you fail to complete the closing process due to fault of your own, a $2,500 liquidated damages fee will be charged to your credit card. All Bidders are responsible for their own financial arrangements.

Acceptance of Offers:

RealtyNoteBid.com reserves the right to notify you of an acceptance of your offer for up to five business days after the conclusion of any auction. This allows our sellers time to evaluate your offer, speak with their agents and advisors, and then communicate that acceptance back to RealtyNoteBid.com's staff.

RealtyNoteBid.com's Sellers reserve the right to accept or reject any bid on this website regardless of how that offer is made, whether or not it exceeds the reserve price and whether or not it is the highest bid offered. Seller Note sales typically require a final review and acceptance by the Seller's managers. No offer shall be deemed fully accepted by the Seller until both parties, regardless of the nature and circumstances of that potential transaction, have executed a written contract.