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Updated about 11 years ago on . Most recent reply

User Stats

158
Posts
23
Votes
George Frye
  • Investor
  • Albany, GA
23
Votes |
158
Posts

AUCTION.COM for note purchasing

George Frye
  • Investor
  • Albany, GA
Posted

I got an email from Auction.com and they are selling notes. Now I am very familiar with them as I have bid on residential with them before. However I just recently started paying attention to their notes. Most are sub-performing or non performing. I am not sure about buying on there as you cant negotiate your price. I was wondering what did some serious note buyers consider of Auction.com as far as learning the research of notes since they list a due diligence package with every property. Is this a good way of learning what a good package should look like and what a note buyer should be looking for?

Also has anybody actually bought a good deal from Auction.com. Would love to see what people think of this site as far as a learning platform of what to look for. I would love to hear from @Bill Gulley .

Most Popular Reply

User Stats

19
Posts
5
Votes
Kevin Costello
  • Montclair, NJ
5
Votes |
19
Posts
Kevin Costello
  • Montclair, NJ
Replied

I know this post is pretty old but I bought a note on auction.com and it worked out well. Ended up doing deed in lieu with the owner after a couple months of him trying to get caught up. Can answer questions if you need. I only deal with commercial.

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