Buyers Could Find Steal of Deals at Auction of Over 250 DC, Maryland, and Virginia...

Buyers Could Find Steal of Deals at Auction of Over 250 DC, Maryland, and
Virginia Foreclosures

Valued from $105,000 to nearly $600,000, all Homes Owned by National Lenders
Eager to Sell

WASHINGTON, April 17 /PRNewswire-USNewswire/ -- Even the greater Washington
area with its robust economy isn't immune to the foreclosure crisis spreading
across the country. According to Realtytrac(R), in March, Maryland ranked 10th
in the nation with 4,275 foreclosures, Virginia came in 13th with 4,933
foreclosures and DC earned the 34th spot with 921 foreclosures.

For buyers who couldn't afford a home several years ago because of escalating
prices, foreclosures give them an opportunity to purchase a home for less than
its market value. Hudson & Marshall will auction over 250 bank-owned
foreclosures on April 26th and 27th at 1:00pm at the Sheraton National Hotel
in Arlington, VA. Each home comes with a clean title, paid for by the sellers,
ensuring there are no back taxes or liens on the properties.

"The nation's housing market is going through a correction period, trying to
find its balance after several years of unsustainable price appreciation,"
said Dave Webb, principal, Hudson & Marshall. "Things will get better, but for
anyone considering buying a home, bank foreclosures are great deals. Lenders
are eager to move these bad loans off their balance sheets so buyers usually
end up purchasing theses homes at a discount," added Webb.

The homes being auctioned by Hudson & Marshall are foreclosed properties owned
by banks, which are also known as Real Estate Owned (REO). They have been
repossessed by the banks and are vacant. Homes are sold "as-is" and interested
buyers are encouraged to inspect properties prior to placing bids.

An open house for all the DC, MD and VA properties being auctioned will be
held April 19th and 20th from 12:00pm-2:00pm. Buyers may also contact listing
agents for an appointment. Complete auction details and property listings may
be found at www.hudsonandmarshall.com or by calling 866-539-4172.

Winning bidders will be required to make a cash or check deposit of 5% of the
purchase price or $2500, whichever is greater. Up until the day before the
auction, buyers can purchase property online by visiting
www.hudsonandmarshall.com and clicking on the Bid-Now icon and submitting an
offer. Sellers usually respond to offers within 24 hours. There are no minimum
starting bids. This is a reserve auction, which means the sellers have the
right to accept or reject any bid; however, in past auctions conducted by
Hudson & Marshall, the majority of offers have been accepted.

Having sold over 60,000 homes for sellers in the past eight years, Hudson &
Marshall is the undisputed leader in the REO auction industry. The company's
accelerated sales process enables it to swiftly and efficiently sell large
volumes of property in a way that minimizes expenses for sellers and maximizes
return.

About Hudson & Marshall of Texas Inc.
H&M is America's Premier Auction Authority. Our 40-year history combined with
our continued process enhancements have allowed us to become one of the
largest and most respected real estate auction firms in the United States. H&M
has set the standard as a full service auction company and continues to
consistently raise the bar for our industry. Our number one priority is to
provide top-quality service to our customers. Buyers know they can count on
H&M to provide value and service from the initial property offering through
the closing process. This same approach provides sellers with a one stop
single solution to the disposition of real estate assets. Sellers particularly
appreciate H&M's streamlined approach that handles their assets from marketing
through closing and funding. The H&M process allows the seller to minimize
expenses and maximize return. H&M has assisted clients ranging from
individuals to large, medium, and small corporations, government agencies, and
financial institutions. Recently, H&M has sold and closed over 60,000 homes
throughout the country. See more about H&M at www.hudsonandmarshall.com.

SOURCE Hudson & Marshall of Texas Inc.

Crystal Wright, Public Relations Strategist, +1-202-829-0848, for Hudson &
Marshall of Texas Inc.