Valued from $50,000 to $600,000, Homes Will Be Auctioned September 28th-October 1, 2009

SEATTLE, Sept. 28 /PRNewswire-USNewswire/ -- Due to their discounted price tag, consumer demand for foreclosures is rising, making them the most sought after homes on the market. Hudson & Marshall will auction nearly 50 bank-owned homes in Seattle/Tacoma, Salt Lake City, Cedar City, Boise, Denver, and Colorado Springs September 28th - October 1st. This is the first time in eight years the company has auctioned REO (real estate owned) properties in Washington and Idaho. The last auction Hudson & Marshall held in Utah was about three years ago.

Valued from about $50,000 to $600,000, 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.

"Demand for bank-owned homes is high because people have realized they can buy great value homes while the market is down and get a huge return on their investment when prices rebound," said Dave Webb, principal, Hudson & Marshall.

According to Realtytrac(R), in August the foreclosure rates in Colorado, Idaho and Utah ranked among the nation's ten highest. Washington's foreclosure rate earned it the 30th spot with one in every 1,033 households receiving a foreclosure filing in August.

All homes being 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:

September 28th - Boise (4 homes) at 7:00 p.m.- Homewood Suites by Hilton Boise

September 28th - Cedar City (4 homes) at 10:00 a.m.-Hampton Inn Cedar City

September 30th- Colorado Springs (2 homes) at 2:00 p.m.-Courtyard Colorado Springs South

September 30th- Denver (8 homes) at 7:00 p.m.-Hilton Garden Inn Denver Airport

September 30th - Salt Lake City (8 homes) at 7:00 p.m.-Hampton Inn & Suites Salt Lake City Airport

October 1st- Seattle/Tacoma (20 homes) at 7:00 p.m.- Courtyard Seattle/Bellevue/Downtown

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.

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 70,000 homes throughout the country. See more about H&M at www.hudsonandmarshall.com.

SOURCE Hudson & Marshall of Texas, Inc.

Back to top

RELATED LINKS
http://www.hudsonandmarshall.com