Posts about REO Auctions as of August 24, 2009
08/07/2009
Hudson Marshall Auctions Bank-Owned Homes in Phoenix and Lake Havasu and Kingman AreaPHOENIX, Aug. 7 /PRNewswire/ — Due to the state’s over-saturation in foreclosures, home values in Arizona have skidded into double digit declines from their 2006 peak. While Arizona’s housing market is one of worst in the nation, these historically low prices make it a ripe time for buyers to purchase property.
08/05/2009
Hudson Marshall to Auction Nearly 70 Chicago Homes as Part of Community Revitalization EffortValued from $10,000 to $340,000, Homes Come with Guaranteed Title Insurance Paid for by Seller and Will Be Auctioned August 22ndCHICAGO, Aug. 5 /PRNewswire-USNewswire/ — To help reinvigorate Chicago area neighborhoods impacted by the foreclosure crisis, Hudson Marshall will auction nearly 70 bank-owned Chicago properties to buyers searching for affordable housing.
04/27/2009
Here’s some info you might find useful when you use the foreclosure search engine on either www.socalistings.com or www.ellisposner.com . There are three categories of properties that you will see displayed. (Please note – the search engine is not updated in real time like the active MLS listings are.) You can search on either bank owned (REO), auction, or pre-foreclosure (NOD). The first most important point is that these properties are not necessarily on the market, or if they are, they are not listed at the loan amounts or estimated value you may see.
04/27/2009
In states like Michigan where foreclosures are abundant, buyers are eager to purchase bank-owned homes because they usually sell well below their market value. According to RealtyTrac, in March, Michigan reported the 9th highest foreclosure rate among the states, with 12,417 properties receiving filings. America’s leading real estate owned (REO) auction firm, Hudson Marshall will auction over 250 bank-owned homes in Detroit May 2nd and 3rd at 1:00 pm at the Doubletree Hotel Dearborn.
04/27/2009
Hudson Marshall Will Auction the Bank-Owned Homes May 2nd and 3rd DETROIT, April 27 /PRNewswire/ — In states like Michigan where foreclosures are abundant, buyers are eager to purchase bank-owned homes because they usually sell well below their market value. According to RealtyTrac, in March, Michigan reported the 9th highest foreclosure rate among the states, with 12,417 properties receiving filings.
04/21/2009
As foreclosures continue proliferating across the country, buyer demand for these properties is also growing because they can be purchased at a discount. For buyers who were shut out of the housing market during the boom years of escalating home prices, foreclosures make homebuying affordable. Real estate auction firm Hudson Marshall will auction over 400 bank-owned foreclosures in cities throughout Ohio and Pennsylvania April 20th – 26th. About 80 homes will be auctioned in Cleveland on April 25th.
02/16/2009
Hudson Marshall of Texas Inc., a Dallas company, will auction 39 bank-owned homes in the Reno area on Thursday night. The auction begins at 7 at the Holiday Inn on Nugget Avenue. Details are at hudsonandmarshall.com.
02/04/2009
Monday marked the completion of developer unit sales at Broadluxe, which represents one of the shortest building sales cycles in some time. We had the chance to catch up with Brecht Palombo, Broker and Auctioneer of Tranzon Auction Properties , who played an integral role in the auction of Broadluxe, and post auction sales coordination.