Real Estate Central

Valued From as Little as $17,000 to $500,000, these Foreclosures Will
Be Auctioned by Hudson & Marshall on September 13th

PHOENIX, Sept. 3 /PRNewswire-USNewswire/ — As record numbers of
foreclosures continue to saturate the housing market, more buyers are
flocking to foreclosure auctions to score deals on homes. Buyers realize
today’s foreclosed homes come in many different sizes and conditions and
purchasing them at auction is an easy way to buy a home for less. Hudson &
Marshall, one of the country’s largest real estate auction firms, will
auction nearly 200 Phoenix foreclosures on September 13th at 11:00am at the
JW Marriott Camelback Inn-Scottsdale.

Owned by national lenders, each home comes with an insurable title paid
for by the sellers and contracts generally close in 30 days or less.
Winning bidders will be required to make a $5,000 deposit in the form of
cash, cashier’s check or certified funds for each property, which they plan
to bid on.

“By creating an environment where buyers bid openly against one another
on a property, real estate auctions demystify the home buying experience
and allow a home’s true worth to emerge,” remarked Dave Webb, Principal,
Hudson & Marshall. “It’s also a quick way to purchase a home and our staff
goes the extra mile to help buyers through the process,” added Webb.

According to Realtytrac(R), in July, Arizona reported the nation’s
fourth highest foreclosure rate with one in every 195 households receiving
a foreclosure filing. For the month of July, Arizona’s foreclosure rate was
more than twice the national average.

Buyers should inspect homes to determine their condition because all
properties are sold “as-is”. An open house is scheduled for Saturday,
September 6th and Sunday, September 7th from 1:00pm-3:00pm. Properties may
also be inspected by contacting the listing agent and making an
appointment. A complete list of properties and additional information may
be found at http://www.hudsonandmarshall.com or by calling 866-539-4172.

Prior to the auction, buyers may also purchase property online by
visiting the website and clicking on the Bid-Now icon. Sellers usually
respond to offers within 24 hours. This is a reserve auction, which means
sellers have the right to accept, reject or counter any bid. In past
auctions conducted by Hudson & Marshall, the majority of offers have been
accepted.

Having sold over 70,000 homes for sellers in the past eight years,
Hudson & Marshall of Texas, Inc. is the most experienced, trusted leader in
the REO auction industry. The company’s accelerated sales process enables
it to swiftly and efficiently sell large volumes of property in a way that
minimizes expenses for sellers and maximizes return. Over the past five
years alone, Hudson & Marshall’s total sales have topped $1.2 billion and
the company anticipates selling another 30,000 homes through 2009.

About Hudson & Marshall of Texas Inc.

H&M is America’s Premier Auction Authority. Our 40-year history
combined with our continued process enhancements have allowed us to become
one of the largest and most respected real estate auction firms in the
United States. H&M has set the standard as a full service auction company
and continues to consistently raise the bar for our industry. Our number
one priority is to provide top-quality service to our customers. Buyers
know they can count on H&M to provide value and service from the initial
property offering through the closing process. This same approach provides
sellers with a one stop single solution to the disposition of real estate
assets. Sellers particularly appreciate H&M’s streamlined approach that
handles their assets from marketing through closing and funding. The H&M
process allows the seller to minimize expenses and maximize return. H&M has
assisted clients ranging from individuals to large, medium, and small
corporations, government agencies, and financial institutions. Recently,
H&M has sold and closed over 70,000 homes throughout the country. See more
about H&M at http://www.hudsonandmarshall.com.

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[Via Real Estate Newswire]