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

by | BiggerPockets.com

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.

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Note: The valuations on these properties range from around $5,000 to over $300,000

About Author

Joshua Dorkin

Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

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