DC Habitat for Humanity to Sell 3 DC Properties ABSOLUTE to the Highest Bidder Through...

DC Habitat for Humanity to Sell 3 DC Properties ABSOLUTE to the Highest Bidder
Through TRAC Auctions

WASHINGTON, Sept. 4 /PRNewswire/ -- TRAC Auctions, a Mid-Atlantic auction firm
specializing in real estate auctions, has been selected to conduct DC Habitat
for Humanity's first round of property auctions on Thursday, September 24th.
According to Dennis Smyth, Land Acquisition Coordinator for DC Habitat, the
sale of these properties (all located in SE DC) "is a win-win proposal for
auction buyers and DC residents as the proceeds of these auctions will help
fund DC Habitat for Humanity in its mission of expanding affordable housing in
the District."

Paul Sobwick, TRAC's lead auctioneer, agrees: "Dennis is absolutely right.
This is a winner for both buyer and seller. The auction buyers will be
acquiring these vacant properties at a price they are comfortable with and
then improving them and the surrounding areas. Meanwhile, DC Habitat can
reinvest the proceeds from the sale of these non-performing assets into its
ongoing projects in the District. The speed and certainty of the auction
process will help DC Habitat fund its honorable mission."

The properties, which include land, homes and apartment buildings, are being
sold "Absolute," which means they will be sold to the high bidder regardless
of price. Absolute auctions generate the highest level of interest and
attendance because there are no price restrictions and prospective buyers know
the property will be sold. Property information and auction terms and
conditions can be found on TRAC's website, http://TRACauctions.com.

TRAC has seen an increase in DC property auctions in the past year. Tom Gimer,
one of TRAC's owners, believes it is due at least in part to the 10% annual
tax imposed by DC on vacant properties. "Most people can't afford to hold
properties in the District anymore. For those who understand the time value of
money, auction is clearly the best route."

For more information, contact:

Tom Gimer, Principal/Counsel
TRAC Auctions
7601 Lewinsville Rd, McLean, VA 22102
888.704.8722 ext 111
tom@TRACauctions.com

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SOURCE TRAC Auctions

Tom Gimer, Principal-Counsel, TRAC Auctions, +1-888-704-8722, Ext. 111,
tom@TRACauctions.com