Hi,
For a number of years now, I have enjoyed searching for houses for Dad to purchase. I am grateful to him for everthing he has taught me.
A large number of the houses Dad purchased were at mortgagee auctions. (foreclosure auctions) One day, I was searching for mortgagee auctions on Google. I was trying to find a website that listed mortgagee auctions & mortgagee sales. I failed to find anything useful.
From that moment, I decided that a website that shows every mortgagee auctions & mortgagee sale in New Zealand, would be of immense value to investors throughout the country. I formed a property website called www.MortgageeAuctions.co.nz. This went live about Christmas time, 2007.
One thing I am certain of is that mortgagee auctions have become increasingly popular in recent years, due to bargain hunters. When I was younger, Dad sent me into a mortgagee auction to bid for him as he was going to be late. I was the only bidder in the room. They didn't even bother reading the conditions of sale. Today, however, things have changed dramatically. Mortgagee auctions are extremely popular.
I would love feedback from others who have purchased property at mortgagee auctions. Please share your property stories by replying to this post. What are your predictions concerning future mortgagee auctions & Sales? Do you expect the number to increase or decrease? What will the future reveal?
For a number of years now, I have enjoyed searching for houses for Dad to purchase. I am grateful to him for everthing he has taught me.
A large number of the houses Dad purchased were at mortgagee auctions. (foreclosure auctions) One day, I was searching for mortgagee auctions on Google. I was trying to find a website that listed mortgagee auctions & mortgagee sales. I failed to find anything useful.
From that moment, I decided that a website that shows every mortgagee auctions & mortgagee sale in New Zealand, would be of immense value to investors throughout the country. I formed a property website called www.MortgageeAuctions.co.nz. This went live about Christmas time, 2007.
One thing I am certain of is that mortgagee auctions have become increasingly popular in recent years, due to bargain hunters. When I was younger, Dad sent me into a mortgagee auction to bid for him as he was going to be late. I was the only bidder in the room. They didn't even bother reading the conditions of sale. Today, however, things have changed dramatically. Mortgagee auctions are extremely popular.
I would love feedback from others who have purchased property at mortgagee auctions. Please share your property stories by replying to this post. What are your predictions concerning future mortgagee auctions & Sales? Do you expect the number to increase or decrease? What will the future reveal?
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