Looking for Some Deals? Scoop Up Over 350 Foreclosed Homes at Auction, Starting at Only $5000
by Joshua Dorkin on January 11, 2007
Auctioneer Hudson & Marshall of Texas Inc. announced today that they will be holding an auction to market over 300 REO (Real Estate Owned) homes in the Detroit area on Saturday, January 20 and Sunday January 21, 2007 at 1:00pm at the Hyatt Regency Dearborn.
All properties are sold “as is” and interested buyers are encouraged to visit all properties beforehand. Buyers can view an entire listing of properties online at http://www.hudsonandmarshall.com. Winning bidders will be required to write a check for 5% of the purchase price or $2,500, whichever is greater.
Do you feel the froth of investors closing in on the Motor City in a few weeks? The great thing about this auction is that the auctioneer will be allowing potential buyers to scoop up properties prior to the auction through their website, which also lists full details on the properties.
Note: The valuations on these properties range from around $5,000 to over $300,000
Article Author:
Joshua DorkinJoshua has written 539 articles for us.
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BiggerPockets.com was founded by Joshua Reed Dorkin in August 2004. An entrepreneur, web designer, real estate investor, and one-time realtor, Joshua was not satisfied by the online offerings of other real estate sites out there, and decided to build one himself.
Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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dearborn-michigan,
distressed-homes,
foreclosure,
foreclosure-auction,
income property,
real estate,
real estate investing,
real-estate-auction,
real-estate-deals,
REO