Nearly 250 Foreclosed Homes Hit Auction Block in Indiana, Illinois, Minnesota and Wisconsin July 13th-17th

Over 100 Homes Auctioned in Chicago July 17th

CHICAGO, July 1 /PRNewswire-USNewswire/ –Investors and first time homebuyers
alike gravitate to foreclosure auctions because they have the opportunity to
purchase a variety of homes at significant discounts. Hudson & Marshall will
auction nearly 250 bank-owned homes July 13th-17th in cities throughout Indiana,
Illinois, Minnesota and Wisconsin. Over 100 homes will be auctioned in Chicago
July 17th.

Valued from as little as $8,000 to over $435,000, all homes up for auction come
with an insurable title and no back taxes or liens. Buyers will be required to
make a cash or certified check deposit of $2,500 for each property which they
are the winning bidder.

“Foreclosures remain in high demand among buyers looking for great deals on
property,” said Dave Webb, principal Hudson & Marshall. “Buyers particularly
like purchasing homes through auction because it is a transparent process in
which a property’s true market value is determined by the bidders and sales
close within 30-45 days,” added Webb.

According to Realtytrac, Illinois is one of ten states reporting a large volume
of foreclosures in May. Illinois reported nearly 15,061 properties received a
foreclosure notice in May, which accounted for nearly 5% of all foreclosures
nationwide. This represents a 38% increase in Illinois’ foreclosure activity
from May 2009.

All homes being auctioned by Hudson & Marshall are sold “as-is” and buyers
should inspect properties before placing any bids. Properties can be viewed
during the open house scheduled Saturday, July 10th and Sunday, July 11 from
1:00pm-3:00pm or by contacting listing agents to schedule appointments. 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:

July 13th – Bloomington (4 homes) at 7:00pm-Holiday Inn Express Bloomington

July 14th -Collinsville, IL (7 homes) at 7:00pm-Four Points by Sheraton Fairview
Heights

July 14th -Green Bay (6 homes) at 7:00pm-Hilton Garden Inn Green Bay

July 15th -Minneapolis (22 homes) at 7:00pm-Sheraton Bloomington Hotel

July 15th -Portage, WI (4 homes) at 2:00pm-Comfort Suites Portage

July 15th -Milwaukee (14 homes) at 7:00pm-Milwaukee Marriott West

July 15th -Fort Wayne (6 homes) at 11:00am-Courtyard Fort Wayne

July 15th -Indianapolis (30 homes) at 7:00pm-Indianapolis Marriott North

July 15th -Champaign (6 homes) at 1:00pm-Courtyard Champaign

July 15th -Peoria (6 homes) at 7:00pm-Courtyard Peoria

July 16th -Rockford (16 homes) at 11:00am-Hilton Garden Inn Rockford

July 17th -Chicago (118 homes) at 1:00pm-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 ten years, Hudson &
Marshall, 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 $2.2 Billion and the company anticipates
selling another 15,000 homes in 2010.

About Hudson & Marshall of Texas, Inc.

H&M is America’s Premier Auction Authority. Our 45-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.