Looking for Some Deals? Scoop Up Over 350 Foreclosed Homes at Auction, Starting at Only $5000

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

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Tags: dearborn-michigan, distressed-homes, foreclosure, foreclosure-auction, income property, real estate, real estate investing, real-estate-auction, real-estate-deals, REO