US Government SEIZURE- Auction of 7 Mortgages and 3 Lease Purchases

Online Auction of US Government- Seized Mortgages

Savannah Area Assets of Bio-Med Plus- Case # CR 405- 59

 These assets consist of 7 mortgages and 3 lease purchases which can effectively become mortgages, owned by the principals and related entities of Bio-Med Plus, and are sold pursuant to the Consent Order of Forfeiture. Assets will be sold individually, subject to approval by the U.S. District Court. The coupon rates on these assets range from 7% to 19.99%. Principal balances as of 7/15/08 ranged from $7,360+-  to $97,867+-. 

#1) 206 Forrest Avenue, Savannah 31404 Lease Purchase 7/15 bal $54,852+-

#2) 202 Eugene Lane, Midway 31320  7+- Acres Lease Purchase 7/15 bal $7,360+-

#3) 1215 East 31^st Street, Savannah 31404 Mortgage 7/15 bal $71,968+-

#4) 1519 E. 33^rd Street, Savannah 31404 Mortgage 7/15 bal $14,954+-

#5) 258 Elbert Arnsdorff, Savannah 31329 Mortgage 7/15 bal $25,267+-

#6) 1913- 1919 Essex Ave, Savannah 31405 Mortgage 7/15 bal $44,038+-

#7) 118 Juniper Circle, Savannah 31419 Mortgage 7/15 bal $97,867+-

#8) 2417 New York Ave, Savannah 31404 Mortgage 7/15 bal $48,586+-

#9) 2423 Barnard Street, Savannah 31401 Mortgage 7/15 bal $38,335+-

LATE ADDITION #10) 2370 Willemere Drive, Savannah GA 31404 Lease Purchase 7/15 bal $59,474+

Bid on all assets online at www.auctionEbid.com. Bid Deadline is September 11^th at 11:30 am. Terms are 10% of winning bid, remainder in cash upon court confirmation. All items will remain open until no bid has been received on any item for 5 minutes.

Mortgage and loan documents, bidding procedures, and other information ar available at www.auctionEbid.com. Please note that we are selling the debt instruments and not the real estate, thus the real assets are not available for inspection.

Auction Management Corporation, GAL# 2503

Assets to be liquidated also include 11 real estate assets consisting of houses and lots in the Savannah area, which are being sold by our Savannah affiliate, Seabolt Brokers/ Harry Norman. These assets will be sold by traditional listing. mContact Roy Hill at 912-233-6609 for information.