Auction of Nearly 700 Florida Foreclosures Allow Buyers to Grab Deals on Homes
Homes Will Be Auctioned August 12th-17th in Jacksonville, Tampa, Ft. Myers, Miami/Ft. Lauderdale, Orlando and Other Cities MIAMI, Aug. 4 /EMWNews/ -- Swelling foreclosure rates in states like Florida have home prices plunging, making it a great time for investors or first time homebuyers to dive into the market and purchase property at bargain prices. In this hobbled housing market, bank-owned foreclosure auctions allow buyers to grab even bigger discounts on homes because lenders are eager to dispose of these properties. Hudson & Marshall, the country's most experienced foreclosure auction firm, will auction nearly 700 bank-owned homes in cities throughout Florida on August 12th -17th. Nearly 100 homes will be auctioned in Tampa on August 13th and over 200 homes will be auctioned in the Miami/Ft. Lauderdale area on August 16th. On August 17th over 100 homes will be auctioned in Orlando. All the properties come with title insurance paid for by the sellers. Winning bidders will be required to make a $2500 deposit in the form of cash or certified funds for each property on which they are the successful bidder. "Years ago, people used to think of foreclosures as strictly distressed property in need of repairs but that's not really the case anymore," said Dave Webb, Principal, Hudson & Marshall. "Savvy buyers in today's real estate market understand foreclosures make great investments because they often look just like the property next door but can be purchased at a much better price," added Webb. Florida continues to get battered by foreclosures. According to Realtytrac(R), Florida reported the nation's fourth highest state foreclosure rate in the second quarter of 2008 with one in every 78 households receiving a foreclosure filing. This is more than twice the national average. Each property is sold "as-is" and buyers should inspect the homes before placing any bids. An open house is scheduled for Saturday, August 9th and Sunday, August 10th from 1:00pm-3:00pm. Properties may also be viewed by contacting the listing agent and making an appointment. A complete list of properties and additional information may be found at http://www.hudsonandmarshall.com or by calling 866-539-4172. Hudson & Marshall will auction the Florida homes in the following major cities: Ft. Walton-August 12th (12 homes); Panama City Beach-August 12th (5 homes); Jacksonville-August 12th (36 homes); Gainesville-August 13th (8 homes); Palm Bay-August 13th (19 homes); Tampa-August 13th (90 homes); Port Charlotte-August 14th (25 homes); Port St. Lucie-August 14th (21 homes); West Palm Beach-August 14th (18 homes); Ft. Myers-August 14th (69 homes); Sebring-August 15th (5 homes); Miami/Ft.Lauderdale-August 16th (253 homes); and Orlando-August 17th (123 homes). Prior to the auction, buyers can purchase property online by visiting the website and clicking on the Bid-Now icon. Sellers usually 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 70,000 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 2009.
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. Recently, H&M has sold and closed over 70,000 homes throughout the country. See more about H&M at http://www.hudsonandmarshall.com.
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