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TheMortgage.com from $500,000 to $15,050

 

TheMortgage.com
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One of yesterday’s biggest sales reported by Namebio was TheMortgage.com. The domain name sold for $15,050 but in 2000 the name sold for $500,000.

ownership of themortgage.com goes back to 1995 when Jason Smith registered the name for his company, Online Mortgage Explorer Inc. Online Mortgage merged with iGate Technologies Inc. to form Basis100.

Back in 2000 TheGlobeandMail.com reported:

Basis100 Inc. said yesterday that it has sold http://www.themortgage.com for $500,000 — making it one of the highest prices paid to a Canadian company for a domain name.

Toronto-based Basis100 sold the domain name to National Mortgage Professionals Inc., which plans to use themortgage.com for a new Web site that will serve the mortgage broker industry.

As part of the deal, Toronto-based National Mortgage has also agreed to buy $500,000 worth of consulting services from Basis100, which specializes in developing software for the mortgage industry.

Invis, Inc out of Mississauga, ON eventually became the owner through acquisition and later Invis was acquired in 2016 by Group Multi-Prêts Mortgage Alliance

Instead of doing something with the domain the new company let it expire.

See the original post at: https://www.thedomains.com/2020/01/29/themortgage-com-from-500000-to-15050/?rand=13941

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