Nearly 80 Homes Hit Auction Block in Texas
As foreclosures continue to weigh heavy on bank books, lenders are aggressively discounting these properties at auction to sell them quickly to new homeowners. On average, buyers can generally expect to purchase a bank-owned home at auction for a 15%-20% discount. Dallas based, Hudson & Marshall will auction over 80 foreclosed homes and vacant lots December 15th-20th in Dallas/Ft. Worth, Houston, Tyler, San Antonio, Corpus Christi and Killeen.
Homes and vacant lots are valued from as little as $1,000 to $1.5 million. Buyers will be required to make a cash or certified check deposit of $2,500 for each property for which they are the winning bidder. Depending upon their city location, tracts of land have different deposit terms. There is a wide variety of property available from owner occupant to investor property. Property #115 is good for an investor buyer looking to develop land. It is a vacant lot totaling 6 +/- Acres, located in Terrell, zoned for commercial and light industrial use and valued at $1.5 million.
“Our Texas auction offers something for every type of buyer at great values. As more industry observers predict a surge in foreclosures next year, banks are quickly trying to sell their existing foreclosed inventory to help stabilize the housing market. This translates into savings for buyers,” said Dave Webb, principal, Hudson & Marshall.
All homes and vacant lots 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 15th – Killeen (10 homes) at 7:00 p.m.-Residence Inn Killeen
December 16th – Corpus Christi (7 homes) at 1:00 p.m.-Holiday Inn Corpus Christi Airport & Convention Center
December 16th-San Antonio (6 homes) at 7:00 p.m.-Hilton Garden Inn
December 17th -Tyler area (12 homes) at 7:00 p.m.- Hampton Inn Tyler
December 19th -Houston (19 homes) at 1:00 p.m.-Houston Marriott Westchase
December 19th -Dallas/Ft. Worth (29 homes) at 1:00 p.m.-DFW Airport Marriott North
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. While this is a reserve auction, which means sellers have the right to accept, reject or counter any bid, some homes and lots will be auctioned absolute, to the highest bidder regardless of price.
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.
Hudson & Marshall of Texas, Inc.
CONTACT: Crystal Wright, Baker Wright Group, +1-202-829-0848, for H&M
Web site: http://www.hudsonandmarshall.com/
Related posts:
