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?