Auction of Over 100 Foreclosures Rolls Through Alabama, Georgia, Tennessee, North and South Carolina

Auction of Over 100 Foreclosures Rolls Through Alabama, Georgia, Tennessee,
North and South Carolina

Several High-End Bank-Owned Foreclosures Valued over $200,000 among Homes
Auctioned October 12th-16th

ATLANTA, Oct. 8 /PRNewswire-USNewswire/ -- As the housing market continues its
turbulent ride, more and more high end foreclosures are popping up on the
auction block. Many of these homes are in move-in ready condition and located
in sought after neighborhoods. America's leading real estate owned (REO)
auction firm, Hudson & Marshall will auction over 100 bank-owned homes October
12th - 16th in cities throughout Alabama, Georgia, Tennessee, North and South
Carolina.

There are a variety of large homes being offered which are ideal for families,
such as an Atlanta home valued at $500,000, which sits on five and half acres
of land. Another home in Statham, GA was built in 2004 and is valued at
$475,000, while a spacious home in Greenville, NC is valued at $400,000. A
property in Mount Holly, NC is valued at $449,000 and will be auctioned among
many other move-in ready homes. Many investor properties in need of more
improvement will also be auctioned. Generally, buyers can purchase foreclosed
properties at a 15%-20% discount off the property's last list price because
banks eagerly want to move these REO homes off their books.

"Rising unemployment across all income groups combined with a toppled housing
market has led to higher priced homes going into foreclosures. Today's
foreclosures don't look like the distressed inventory of yesterday. There is
an abundance of properties to appeal to a range of buyers both investors and
first-time purchasers," said Dave Webb, principal, Hudson & Marshall. "

All homes come with guaranteed title insurance paid for by the sellers, and
sales typically close within 30 days. Interested buyers will be required to
make a cash or certified check deposit of $2,500 for each property for which
they are the winning bidder.

Properties are sold "as-is," and buyers should inspect homes before placing
any bids. Buyers may view homes during the open house scheduled October 10th
and 11th from 1:00 p.m.-3:00 p.m. or by contact listing agents to make
appointments. Complete property details and additional information may be
found at www.hudsonandmarshall.com or by calling 866-539-4172. About 20 homes
will be auctioned at the property addresses, including a beachfront home in
Gulf Shores, AL valued at $625,000. More Information on these properties may
be found on the company's website.

Auctions will be held on the following dates:
October 12th -Nashville (5 homes)
October 13th -Knoxville (12 homes); Savannah (6 homes)
October 14th -Raleigh (16 homes); Greensboro (10 homes)
October 15th -Birmingham (5 homes); Asheville (5 homes); Charlotte (11 homes)
October 16th - Decatur, AL (4 homes); Greenville, SC (5 homes)
October 17th -Atlanta (30 homes)

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

Having sold over 80,000 homes for sellers in the past nine years, Hudson &
Marshall of Texas, Inc is the most experienced, trusted 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. Over the past five years alone,
Hudson & Marshall's total sales have topped $1.2 billion, and the company
anticipates selling another 30,000 homes through 2010.

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 80,000 homes
throughout the country. See more about H&M at www.hudsonandmarshall.com.

Media Contact:
Crystal Wright
Public Relations Strategist
202/829-0848

SOURCE Hudson & Marshall of Texas, Inc.

Crystal Wright, Public Relations Strategist, +1-202-829-0848, for H&M