Nearly 70 Bank-Owned Homes Auctioned in Arizona, Colorado, Idaho, Nevada, and Utah

Homes Come with Title Insurance Paid for by Sellers and Will Hit Auction Block November 12th-14th

PHOENIX, Nov. 9 /PRNewswire-USNewswire/ -- Foreclosures continue to overpopulate the nation's housing market with amazing deals for investors, first time homebuyers or those looking to trade up. Typically, buyers can expect to purchase bank-owned homes at a 15%-20% discount off their last list price. Hudson & Marshall will auction nearly 70 foreclosed or bank-owned homes in cities across Arizona, Nevada and Washington November 12th - 14th. About 20 of the homes, including properties in Idaho, Colorado and Utah will be auctioned online and on-site at properties addresses.

Valued from about $25,500 to $400,000, 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.

"As the housing market trudges down the rocky road of recovery, foreclosed homes are good buys because they can be purchased at extremely affordable prices. Markets like Las Vegas, Phoenix and Seattle have experienced double digit price drops from a year ago, making it a great time for home buying in these cities," remarked Dave Webb.

According to the S&P/Case Shiller Home Price Indices data through August 2009, Phoenix, Las Vegas, and Seattle's housing market continue to take a bruising. In August 2009 home prices in Las Vegas have dropped nearly 30% from a year ago, Phoenix home prices declined 25% and Seattle prices plunged 14.7%.

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:
November 12th - Kingman, AZ (4 homes) at 7:00 p.m. - Hampton Inn & Suites
November 12th - Las Vegas (5 homes) at 1:00 p.m. - Holiday Inn Henderson-East Las Vegas
November 12th - Seattle (11 homes) at 7:00 p.m. - Residence Inn Seattle Bellevue/Downtown
November 13th - Longview, WA (6 homes) at 12:00 p.m. - Quality Inn & Suites
November 14th - Phoenix (19 homes) at 1:00 p.m. - Doubletree Paradise Valley Resort/Scottsdale

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.

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.