Over 130 Indiana Foreclosures Hit Auction Block, Creating Buying Frenzy

Homes Auctioned in Cities throughout Indiana on October 29th-November 1st

INDIANAPOLIS, Oct. 23 /PRNewswire-USNewswire/ -- In today's hobbled economy,
homebuyers are scouring bank-owned foreclosure auctions for phenomenal deals
on property. Rising foreclosures in states like Indiana are creating a surplus
of inventory, making home prices more affordable.

Hudson & Marshall, America's leading real estate owned (REO) auction firm,
will auction over 130 homes in cities throughout Indiana on October
29th-November 1st. About 50 homes will be auctioned in Indianapolis on
November 1st. Valued from $2,000 to over $200,000, all homes come with title
insurance paid for by the sellers. According to Realtytrac(R), Indiana's
foreclosure rate ranked 10th in the nation during the month of August with one
in every 522 households receiving a foreclosure filing.

"People used to think of foreclosure property as beat up homes but in today's
market flush with foreclosures of all kinds that perception has changed," said
Dave Webb, Principal, Hudson & Marshall. "Savvy buyers realize that if they're
willing to hold onto these properties until the market rebounds, they're
getting a great deal," added Webb.

Hudson & Marshall will auction the Indiana homes on the following dates:
October 29th -Muncie (22 homes) and Fort Wayne (14 homes)
October 30th -Evansville (3 homes); Southbend (13 homes); and Merrillville (19
homes)
October 31st -Terre Haute (6 homes); and Kokomo (10 homes)
November 1st-Indianapolis (50 homes)

Buyers will be required to make a $2,500 deposit in the form of cash,
cashier's check or certified funds for each property for which they are the
winning bidder. Homes are sold as-is and buyers should inspect property prior
to auction. An open house is scheduled for Saturday, October 25th and Sunday,
October 26th from 1:00pm-3:00pm. A complete list of properties and additional
information may be found at www.hudsonandmarshall.com or by calling
866-539-4172.

Prior to the auction, buyers may purchase property online by visiting the
company's website and clicking on the Bid-Now icon. Sellers usually respond to
offers within 24 hours. This is a reserve auction, which means sellers have
the right to accept, reject or counter any bid. In past auctions conducted by
Hudson & Marshall, the majority of offers have been accepted.

Real estate auctions are a quick and easy way to purchase a home. Buyers are
exposed to a large variety homes in one convenient location. There are no
minimum starting bids. The audience determines the price of a home in a
competitive and friendly environment. Another benefit of purchasing property
through auction is contracts usually close within 30 days or less because
there are no contingencies slowing down the process.

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 70,000 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.