Mortgagee Auctions & Mortgagee Sales (Foreclosures) in New Zealand

[jeremypyle]

Hi,

My name is Jeremy Pyle and I am 22 years old. From a young age, I have had an interest in investing in real estate. My father began purchasing houses about 10 years ago and now owns over 100 properties. These provide quite a large cash flow profit, especially since the recent rent rises. My interest in real estate led to the development of my mortgagee property website. This is mentioned below.

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 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?

[Damian George]

Hi Jeremy,

New Zealand is a tricky place to invest. My Best friend just bought a place in Davenport and although he is on a very good UK salary found the place very over valued. I am starting and Australian and New Zealand Mortgage company for UK residents making the no going back move and Expats like myself investing back home.

I like your site and if you want to have a chat let me know as i think we have some common goals and could help each other with clients

Regards

Damian

[jeremypyle]

Originally Posted by Damian George

Hi Jeremy,

New Zealand is a tricky place to invest. My Best friend just bought a place in Davenport and although he is on a very good UK salary found the place very over valued. I am starting and Australian and New Zealand Mortgage company for UK residents making the no going back move and Expats like myself investing back home.

I like your site and if you want to have a chat let me know as i think we have some common goals and could help each other with clients

Regards

Damian

iIf you are in New Zealand and would like to contact me, my phone number is: 0800 777 137. If you are outside New Zealand, my phone number is: 0064 9 4327061

[Damian George]

Sorry Jeremy

been a tad busy - i will make contact ASAP

Regards

[Damian George]

sorry Jeremy,

i have been snowed - i will try and call at a reasonable hour tom

[SBR]

Originally Posted by jeremypyle

Hi,

My name is Jeremy Pyle and I am 22 years old. From a young age, I have had an interest in investing in real estate. My father began purchasing houses about 10 years ago and now owns over 100 properties. These provide quite a large cash flow profit, especially since the recent rent rises. My interest in real estate led to the development of my mortgagee property website. This is mentioned below.

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 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?

Hi Jeremy

I think I am a little late after one year . But plz tell me how I can contact you since I am in the same boat and we could exchange ideas. Plz tell me If you have an email or phone number.