Bargains Beckon Buyers to Auction of Over 80 Homes in Illinois, Indiana, Minnesota and Wisconsin

PR Newswire — December 14, 2009

Foreclosed Properties Auctioned by Hudson & Marshall December 14th-19th

CHICAGO, Dec. 14 /PRNewswire-USNewswire/ — Distressed properties continue to help fuel the recent surge in home sales nationwide over the past several months. In today’s uncertain economy where consumers are pinching every penny, foreclosures are attractive buys because of their discounted prices. Hudson & Marshall will auction over 80 homes in cities throughout Illinois, Indiana, Minnesota and Wisconsin December 14th – 18th. Several homes also will be auctioned online and at property addresses.

Valued from about $20,000 to nearly $350,000, all the homes come with title insurance paid for by the sellers. Buyers will be required to make a cash or certified check deposit of $2,500 for each property which they are the winning bidder.

“Auctions are a fast and easy way for banks to fast-track the sale of a large quantity of their foreclosure inventory at one time and reduce the number of vacant properties threatening neighborhoods. Finding a new homeowner for a foreclosed property helps property values rebound and keeps communities safe,” remarked Dave Webb, principal, Hudson & Marshall.

According to the National Association of Realtors (NAR), home sales have continued to rebound over the past nine months. Distressed sales accounted for 30% of total homes sales in October.

All homes auctioned by Hudson & Marshall are sold “as-is” and buyers should inspect properties before placing any bids. Properties can be viewed by contacting listing agents to schedule an appointment. Complete property details and additional information may be found at www.hudsonandmarshall.com or by calling 866-539-4172.

Hudson & Marshall will auction the homes on the following dates:

December 14th – Minneapolis/St. Paul (6 homes) at 7:00 p.m. – Hampton Inn Minneapolis/St. Paul Airport

December 15th – Indianapolis (9 homes) at 7:00 p.m. – Hilton Garden Inn Indianapolis Northwest

December 16th – Duluth, MN (4 homes) at 11:00 a.m. – Country Inn & Suites-Duluth North

December 17th – Milwaukee (7 homes) at 7:00 p.m. – Courtyard Milwaukee Brookfield

December 17th – Collinsville, IL (4 homes) at 7:00 p.m. – Doubletree Collinsville/St. Louis

December 17th – Oshkosh, WI (6 homes) at 11:00 a.m. – Comfort Suites

December 18th – Janesville, WI (4 homes) at 11:00 a.m. – Holiday Inn Express Janesville

December 19th – Chicago (40 homes) at 1:00 p.m. – Chicago Marriott Southwest at Burr Ridge

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

Having sold over 80,000 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 2010.

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. Since 1999, H&M has sold and closed over 80,000 homes throughout the country. See more about H&M at www.hudsonandmarshall.com.

SOURCE Hudson & Marshall of Texas, Inc.