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BidDay Sellers

New Online and Onsite Auction Services Offered!

BidDay Auctions is debuting its’ advanced online auction program that encourages nationwide buyers to compete.

 

Buyers will view a high quality video stream with audio of the LIVE auctioneer over the internet. Buyers can purchase traditionally at onsite locations and compete against internet bidders.

Our team has over 20 years experience in residential properties sales, selling as many as 250 properties in one day!

Typical Lost Revenue Resulting from Holding Non-Performing Assets
 

 

Non Performing

Reserve Ratio

Actual Reserve Amt

Lending rate

Projected Monthly Loss

$200,000

8

1,600,000

1.50%

24,000

 

Over 6 months this equates to:  $144,000 in losses per property

BidDay Auctions:  A valuable tool for any REO Manager!

 

Property Timeline Cradle to Grave:  9 weeks   (from date utilities are turned on)

Benefits: 

ü      Several thousand buyers are always in the pipeline as a result of our continuous marketing campaign

ü      Reduce holding costs (1.2% - 1.5% monthly, based on the average carrying costs of a foreclosed asset and its outstanding balance)

ü      Faster closings with priority lending partners

ü      Notifications are customized to needs and alert buyers instantly

ü      Inventory management system coordinates properties with online access

ü      Customized summary reporting provides analysis reports as you need them

ü      Thousands of out of state buyers purchase properties nationwide

v     Minimum quantities of properties per monthly event are
required for this program and depend on location

v     Property clean up, trash out, and property preservation
are costs paid by seller


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BidDay. P.O Box #2831, Newport Beach, CA 92659
Wednesday, September 08, 2010