As home sales increase, home buyers continues to settle towards foreclosed properties because in the recent real estate market existing-homes are considered best buys. Hudson & Marshall, a firm holds foreclosed properties /home auction in the United States.
The auction firm will be auctioning about 250 foreclosed properties— homes in Atlanta area on January 22 to 23 at 1:00 p.m at the Atlanta Marriott Century Center.
Prospective buyers for the foreclosed properties, according to a press release, a $2,500 certified check or cash deposit for each property will be required— for wining bidders of any home.
Wide array of foreclosed properties will be showcase in the auction for investors and potential owner-occupant buyers to choose from.
Homes come with insurable titles, and all home sales will close for about 30- 45 days, according to the firm’s media statement.
Principal from Hudson & Marshall, Dave Webb said, the decline in the housing market made home buyers more educated regarding the home buying process, and with the elevated numbers of foreclosed properties flooding the market, he added, consumers today realized that foreclosures do not necessary mean run-down properties.
Home buyers and bidders are said to secure finances or mortgage loan to any lenders of their choice before closing, but closing is not dependent upon financing.
A two-day open house for the public is scheduled on January 15 and 16, Saturday and Sunday 2011, and buyers can also purchase prior to auction online.
The auction firm, Hudson & Marshall has sold over 80,000 foreclosed properties— homes for the past ten years.