Homebuilder Uses BigBidder To Auction Notes

Posted by Orb Staff on November 18, 2009 No Comments
Categories : Residential Mortgage

Mortgage note auction Web site BigBidder.com says it will soon sell several residential mortgage notes for an undisclosed national homebuilder.

‘Traditional secondary market investors are staying on the sidelines, so this seller looked at a number of alternatives to sell these notes,’ says Shawn Miller, director of sales for BigBidder.com's parent company, LFC.

Miller adds that the homebuilder chose the company because of its auction platform, which Miller calls ‘intuitive,’ and its ability to give the seller broad exposure

SOURCE: BigBidder.com

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