Q. What is BigBidder.com?
A. BigBidder.com is an online marketplace where buyers and sellers meet in an auction of Notes secured by real estate. Major lenders submit Notes that are offered for sale to investors.  BigBidder.com is operated and managed by LFC Internet Marketing, Inc., and is part of the LFC Group of Companies.

Q. What types of Notes are auctioned on BigBidder.com?
A. BigBidder.com advertises and markets all types of Notes including: Performing Loans, Reperforming Loans, and Nonperforming Loans including those with Notice of Default and Notice of Sale/Trustees Sale.

Q. Are Notes an appropriate investment for me?
A. Every interested party, based on their own circumstances, must determine whether Notes are a suitable investment. Prospective buyers must have the financial sophistication and sufficient resources to evaluate and bear the economic risks of this investment.

Q. Can I visit and inspect a property?
A. No, neither BigBidder.com, nor the Seller has the right to allow you to enter the real estate, land or improvements. Often, the property is visible from a legally accessible road or public highway from where you may view the real estate from a reasonable distance.

Q. Do I have to provide any personal information to view general property information or pictures on BigBidder.com?
A. Yes. Due to the confidential nature of some of the information we provide on BigBidder.com, you must register to review the majority of that information. When you register, you are required to include some standard personal information, such as full name, email, phone number, etc. See their privacy policy for more details.

Q. How can I be assured that my bid deposit and/or purchase deposit monies are safe?
A.All bid deposit and purchase deposit monies are held in a First Republic Escrow Corporation trust account. First Republic Escrow Corporation  is licensed by the California Department of Corporations and bonded by the Hartford Insurance Company.

Q. Is financing being offered?
A. No. All sales are cash only.

Q. What is an Internet Marketing Fee?
A. The Internet Marketing Fee is a fee paid by the winning bidder to LFC at the close of a sale. The Internet Marketing Fee is disclosed in the Purchase and Sale Agreement for each Note. See the "Terms and Conditions of Sale" for further details.

Q. What is the BigBidder.com bidding procedure?
A. All bids are placed online at BigBidder.com. Before you can bid, you must register and send a minimum bid deposit of $1,000.00 (one thousand) to First Republic Escrow Corporation, a licensed California escrow company.

Q. Am I required to submit any money with my bid?
A. No. However, you must send in a bid deposit of at least $1,000.00 (one thousand dollars) before you can bid. You will then be eligible to bid on Notes totaling 100 times the bid deposit amount.

Q. Can I cancel a bid after I've placed it?
A. No. Just as in a live auction, a bid consititutes a contract to purchase the item. Please DO NOT begin the bidding process unless you intend to follow through with the purchase of the Note.

Q. What is the "Max Auto Bid"?
A. The “Max Auto Bid” function allows bidders to select a preset maximum bid amount for a Note. Max Auto Bid automatically places bids for a Note every time another bidder places a higher current bid. Max Auto Bid increases bidding by the minimum incremental bid amount until you are the highest bidder, or your preset maximum bid is reached. Bidders are alerted to all new bidding by email.
                                                                                    
Q. What is Last Call?
A. Last Call is a patent-pending process that extends bidding in increments of one hour with each new bid made within an hour of the bid deadline. The auction will continue to extend in this manner until no new bid is received within one hour of the current published bid.