Hudson & Marshall Corrals Over 200 Texas Homes to Auction Block

n a real estate market flooded with for sale signs, homebuyers or investors hunting for deals can find a slew of choices at private foreclosure auctions. Foreclosed homes often sell at auction for less than their list price because lenders want to quickly recoup the debt owned on these properties. Dallas based Hudson & Marshall will auction over 200 Texas for national lenders and asset management companies March 20th-25th in Dallas, Houston, McAllen, Round Rock and San Antonio.
“With no contingencies or negotiations delaying the process, purchasing property through auction is as simple as placing the highest bid,” said Dave Webb, principal, Hudson & Marshall. “The rise in foreclosures across the country combined with the surplus of homes on the market today has increased consumer interest in real estate auctions,” added Webb.

According to the National Auctioneers Association (NAA), residential real estate auctions are the fastest growing sector of the industry. In 2006 real estate auctions grew by 12.5%, generating $16 billion up from $14.2 billion the previous year. Total revenue generated by the auction industry in 2006 was $257.2 billion.
Real estate auctions are becoming more mainstream because they allow consumers to buy and sell homes quickly and easily. Set on a specific date and time, auctions eliminate “lookers” and instead attract motivated buyers determined to purchase property.
Hudson & Marshall will auction the Texas homes in various cities throughout the state on the following days: March 20th in McAllen; March 21, 2007 in San Antonio; March 22, Round Rock; March 24th in Houston; and March 25th in Dallas. All homes come with title insurance, guaranteeing no back taxes or liens are owed on the property. Consumers are encouraged to inspect the homes prior to auction because all properties are sold “as is.”
Having sold over 40,000 homes for lenders over the past eight years, Hudson & Marshall has developed a turn key approach that helps sellers efficiently dispatch of a large volume of real estate in record time. From beginning to end, the company efficiently handles every detail of the sale and implements an aggressive marketing plan to expose properties to a wide pool of perspective buyers.