Investors Note Colorado Real Estate Auction

Investors in lender owned and REO properties should take note of this auction. Hudson and Marshall will be in Denver on November 18, 2006 to conduct an auction of foreclosed homes. The properties will be sold “as is, where is” with no inspection periods, a 30 day close, a cash contract executed, 5% earnest money at the auction, and a lender letter or proof of funds. The homes are available for preview prior to the auction. Bidders are allowed to use a REALTOR to assist them. Real estate commissions will be paid by the seller.

Hudson and Marshall also utilizes an online bid process to bid on the homes prior to the auction for those wanting to buy the properties directly from the lenders before the auction takes place. There are 80 properties currently scheduled for the auction at the DTC Sheraton Hotel. Another, smaller auction is taking place in Colorado Springs several days earlier.

Hudson and Marshall is the largest company auctioning lender owned/REO properties. To check on the detailed terms of the sale and to find out information about the properties see their website at http://www.hudsonandmarshall.com/ .