Auction Due diligence startup

[Walter Holmes]

Hi everyone,

My name is Walter I wanted to run something by you guys, seen how much knowledgable people post in hese forums.

Myself and 2 other co-founders are in the beginning stages of a startup (not advertising or anything even similar) i just wanted to get feedback from you guys on what we are working on.

the main idea is this:

We are creating a platform that will provide the user from:

Basic general foreclosure information to advance auction and foreclosure process analytics and forecasts.

We are currently mapping and analysing 5 years of foreclosure auction records (over 138,000 in miami dade alone) and have found a lot of interesting information, we believe that we can create an algorithm that will allow us to predict:

Cancelations

Plaintiff's high bid amounts

3rd party winning bids amounts

Just to name a few!

We are also integrating public records and 3rd paty data to automate the due diligence process making it available to everyone from small to big investors at a fraction of the price.

Of course these are just a few details, but i wanted to get your opinion on what we are trying to do.

I would love to get some feedback or answer anu questions.

Hope this is something that you will find interest.

Best regards!

[Ray Slack]

I would say the most valuable thing you could provide to me as an investor would be the bank's reserve with a level of certainty percentage. If that was accurate it would save me a lot of wasted time in research.