National Commercial Auctioneers to Auction Over 100 Bank Owned Texas Residential, Commercial and Land Properties
TULSA, Okla., Sept. 15, 2011 /PRNewswire/ -- National Commercial Auctioneers (www.bid-reo.com) announces a five-day auction event to liquidate over 100 bank-owned properties in Texas, September 26-29, and October 3, 2011, according to Stephen Karbelk, CAI, AARE, CEO & Founder.
"This is a tremendous opportunity to purchase commercial property, residential property and land at auction prices," said Karbelk. "Many of these properties will sell absolute to the highest bidder."
This five-day auction event will kick off at the Convention Center in McAllen, Texas, on September 26 at 6pm. Satellite bidding will be offered at the Embassy Suites in Laredo. Nearly 50 properties from Cameron, Hidalgo, Maverick and Webb counties will be up for bids.
The second auction event will take place on September 27 at 6pm, at the Hyatt Regency in San Antonio with satellite bidding offered at the Homewood Suites in Round Rock. Nearly 20 properties from Bell, Bexar, Comal, Guadalupe, Kerr, Llano and Williamson counties will hit the auction block.
The third auction event, on September 28 at 1pm, will feature 23 properties from Brazoria, Galveston, Harris, Jefferson, Nueces and Tyler counties. This event will be conducted at The Westin Oaks in Houston, with satellite bidding offered at the Omni Corpus Christi Marina Tower in Corpus Christi.
Four El Paso properties will go up for bids on September 29 at 10am, and the final bidding day will be October 3 at 6pm, at the Hyatt Regency Dallas at Reunion. This auction will feature 24 properties from Dallas, Dentin, Collin, Hood, Johnson, Parker and Tarrant counties.
"We have everything from income-producing commercial property, to beautiful homes and waterfront development land," noted Karbelk. "Bidders can participate in the auctions at the primary locations, at the satellite locations or by bidding online."
Broker participation is offered and encouraged. Conducted in cooperation with Schrader Real Estate and Auction Company, Inc. For more details on how to receive the property information package, visit www.bid-reo.com or call toll free at (877) 895-7077.
National Commercial Auctioneers is a nationwide auction company that specializes in commercial sales for banks, special servicers, receivers, Trustee's and bankruptcy courts.
SOURCE National Commercial Auctioneers
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