AUCTION ID #: 225291 Bookmark and Share
Secured Mortgage Note ( over 220% profit)
Item 225291  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: Not Met
Status: Closed
Auction Started: 01-04-06    08:00 AM ET
Auction Closed: 01-09-06    11:15 PM ET
Asset Details
Seller Information
Seller Name: FOREX BROKER HOUSE
Rating: Seller Rating - 2 (4)
Location: Los Angeles, CA    90067
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Bid Increment: $100
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $500
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Asset Description

 

Mortgage Business Note:

Double Your Investment

This is an auction for Mortgage Business Note by FOREX BROKER HOUSE INC at huge over 50% discount

DESCRIPTION:

The mortgage note you are about to buy can be a wonderful investment. We've just introduced our new E-currencies program whereby we can offer for sale our mortgage notes at huge ( over 50%) discount, which means that you can get more than 200% profit on your investment. Not only that - you get stable cash flow from this mortgage note for years to come. Yes, we offer monthly payments of your interest during the term of the note with the lump sum payment at the end of the term.

WHAT IS THE GUARANTEE?

We provide perfect guarantee for this note - federal judgment (see copy attached). It is important to know that this judgment is for the total amount of $682,780.25 under $3,33% per year. In addition this judgment is for fraud thus it is not dischargeable in bankruptcy.

HOW NOTE WILL BE SECURED?

We will issue our mortgage notes only for the 50% of the value of the judgment, thus your investment has double protection in value. Your note will be supported by the appropriate documents recorded in the federal courthouse.

WHAT IS THE RISK?

It is commonly understood that any business investment runs with some kind of risk. The question to consider is whether it is the risk that you are prepared to take. Our mortgage note investment is a rare opportunity to get stable cash flow and high profit on your investment without undertaking an unreasonable risk, providing that the note is secured by non-dischargeable federal judgment.

WHAT IS THE BALANCE ON THE NOTE?

We offer for sale this performing note with the remaining balance of $43,800.

WHEN THE LAST PAYMENT HAS BEEN RECORDED?

The last payment under this note has been recorded on January 01, 2006. Next payment is due on February 01, 2006.

WHAT ARE THE PAYMENTS?

This note provides for monthly payments of $166.50

WHAT IS THE MORTGAGE BUSINESS NOTE?

This Business Promissory Note is a perfect negotiable instrument, with great profitability and reliability, secured by non-dischargeable non-appealable federal judgment for the principal amount of $682,780.25 that increases its value for 3/33% every year! This judgment has been entered by the 9th circuit federal court.

WHY TO BUY MORTGAGE BUSINESS NOTE?

Investing in a promissory not can be a unique investment that can provide a means for a diversified portfolio. The primary advantage is high instrument interest and principal yields. Another advantage is having a visible asset to protect your investment. Unlike the stock market, where you may be left holding only a piece of paper if the investment doesn't per.

WHAT IS THE ADVANTAGE?

  • Your income is limited only by the amount of initial investment
  • You do not need to work neither part time nor full time. You monies are working for you.
  • You can freely assign your rights to the profit to any beneficiary.
  • You have permanent cash flow
  • Your investment is secured by non-dischargeable non-appealable federal judgment
  • You have recorded in the courthouse document confirming your ownership to the underlying judgment.
  • Note’s interest is sufficiently higher than the official rate and thus protects you against the inflation.
  • By using this note you can diversify your investment portfolio.
  • There's no inventory, no employees, and no store or warehouse space, no gigantic overhead expenses to you to produce the profit you will get.
  • There's no government red tape. All you do is report your income to the I.R.S.

WHAT ARE THE TERMS OF THE NOTE?

  • Annual interest – 10,12 %
  • Monthly payment – $166
  • Minimum bid - $500
  • There is no penalty for prepayment of this Note.
  • There is $682,780.25 in assets to secure your investment

WHY THIS NOTE?

This note offers you secured stable income for sufficient amount of time (48 months). This note offers you interest rate sufficiently higher then the market mortgage rate that protect you from inflation. This note is guaranteed by non dischargeable federal judgment that makes your risk moderate and reasonable if to compare with any other highly profitable business notes. All these factors together make this investment attractive and efficient.

WHO WE ARE?

FOREX BROKER HOUSE INC is a financial consulting business, involving in real estate investment, foreign currencies exchange, export-import operations. This business is booming, we need working capital to grow that is why you have this unique opportunity to buy our Business Promissory Note. Our primary business activity is related to the software support and consulting services for e-currencies trading and exchange industry

WHAT IS E-CURRENCY?

E-Currency is short for 'Electronic Currency', virtual Internet 'money' that can be used for making Internet Purchases. One of our core services Exchange Marketing  offered to some reputable e-Currencies merchants.

WHY WE SELL NOTES?

The key of our success is money. The more money we have for our transactions the more profit we get. We are confident that we do have sufficient basis to generate profit to pay our obligations. However, we want to highlight that we are not involved in any kind of risky trading operations, we are not gambling with stocks, nor we are guessing with commodities, the maximum risk we undertake is the same type of risk as an owner of the ATM machine carries. Thus, the more we have in our E-currencies ATM the more we generate, it is that easy. That is why we are confident in selling our notes.

WHO WILL MAKE PAYMENTS?

You will receive payments directly from the borrower. We do not use third party agencies to collect payments. Upon sale of promissory note the transfer of ownership will be completed through the seller’s attorney office. This note is in first position, and the only lien against your interest in the collateral property. There is no prepayment penalty.

WHAT YOU WILL GET:

We offer our first class security under our mortgage business note in order to assure your guaranteed payments. Winner of this auction will receive Business Promissory for the double amount of the wining bid. You will receive 35 equal monthly payments during the term of the note and one final payment, totally 36 payments for double amount of your wining bid.

WINNING BIDDER RESPONSIBILITY:

Winner of this auction should render full payment of the winning bid within 3 business days. Please, ask any questions BEFORE you bid and BEFORE the auction is closed, since no negotiations may be done after the end of the auction. If you are not familiar with this type of investment, or you do not accept our terms, or if this type of investment does not fit your personal financial situation, please do not bid on this auction. Please, remember – your bid is a binding agreement, bid responsibly. Non-paying bidders will be liable for liquidating damages in the amount of $500.

HOW TO PAY FOR THIS NOTE:

Winner of the auction must render the full amount of the winning bid PLUS 10% (auction fee) within 72 hours from the date of the end of the auction. Payment can be done by cashier check, money order or by wire transfer. Check or money order must be payable to FOREX BROKER HOUSE INC. Please contact us for address of the attorney office, where payment should be sent. If you wish to send a wire transfer, please contact us for wire instructions. Please remember that by bidding on this auction you enter into the binding agreement. Non-paying bidders will be liable for liquidation damages in the amount of $500.

DO YOUR MATH, MAKE YOUR DECISION!

HAPPY BIDDINGS!

 



Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Additional Terms of Service
This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller. PAYMENTS ACCEPTS IN ONE OF THE FOLLOWING WAYS: Certified/Cashier's Check Wire Transfer Money Order
Inspection Details
Please request any information PRIOR to bidding. There would be no inspection or any negotiations AFTER the bidding is made or after the auction is closed. No exceptions!
Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Certified/Cashier's Check
  • Wire Transfer
  • Money Order
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller. WE ACCEPT PAYMENTS BY: Certified/Cashier's Check Wire Transfer Money Order
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