Nearly 70 Bank-Owned Homes Auctioned in Arizona, Colorado, Idaho, Nevada, and Utah

Nearly 70 Bank-Owned Homes Auctioned in Arizona, Colorado, Idaho, Nevada, and
Utah

Homes Come with Title Insurance Paid for by Sellers and Will Hit Auction Block
November 12th-14th

PHOENIX, Nov. 9 /PRNewswire-USNewswire/ -- Foreclosures continue to
overpopulate the nation's housing market with amazing deals for investors,
first time homebuyers or those looking to trade up. Typically, buyers can
expect to purchase bank-owned homes at a 15%-20% discount off their last list
price. Hudson & Marshall will auction nearly 70 foreclosed or bank-owned
homes in cities across Arizona, Nevada and Washington November 12th - 14th.
About 20 of the homes, including properties in Idaho, Colorado and Utah will
be auctioned online and on-site at properties addresses.

Valued from about $25,500 to $400,000, all the homes come with title insurance
paid for by the sellers. Buyers will be required to make a cash or certified
check deposit of $2,500 for each property which they are the winning bidder.

"As the housing market trudges down the rocky road of recovery, foreclosed
homes are good buys because they can be purchased at extremely affordable
prices. Markets like Las Vegas, Phoenix and Seattle have experienced double
digit price drops from a year ago, making it a great time for home buying in
these cities," remarked Dave Webb.

According to the S&P/Case Shiller Home Price Indices data through August 2009,
Phoenix, Las Vegas, and Seattle's housing market continue to take a bruising.
In August 2009 home prices in Las Vegas have dropped nearly 30% from a year
ago, Phoenix home prices declined 25% and Seattle prices plunged 14.7%.

All homes being auctioned by Hudson & Marshall are sold "as-is" and buyers
should inspect properties before placing any bids. Properties can be viewed by
contacting listing agents to schedule an appointment. Complete property
details and additional information may be found at www.hudsonandmarshall.com
or by calling 866-539-4172.

Hudson & Marshall will auction the homes on the following dates:
November 12th - Kingman, AZ (4 homes) at 7:00 p.m. - Hampton Inn & Suites
November 12th - Las Vegas (5 homes) at 1:00 p.m. - Holiday Inn Henderson-East
Las Vegas
November 12th - Seattle (11 homes) at 7:00 p.m. - Residence Inn Seattle
Bellevue/Downtown
November 13th - Longview, WA (6 homes) at 12:00 p.m. - Quality Inn & Suites
November 14th - Phoenix (19 homes) at 1:00 p.m. - Doubletree Paradise Valley
Resort/Scottsdale

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 eight 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. Since 1999, H&M has sold and closed over 80,000 homes
throughout the country. See more about H&M at www.hudsonandmarshall.com.

SOURCE Hudson & Marshall of Texas, Inc.

Crystal Wright, Baker Wright Group, +1-202-829-0848, for Hudson & Marshall of
Texas, Inc.