Foreclosure Auction of Over 80 Homes Blazes Through Sunshine State

Hudson & Marshall Will Auction these Bank-Owned Homes November 2nd-5th in
Cities Throughout Florida

MIAMI, Oct. 29 /PRNewswire-USNewswire/ -- Home sales are on the upswing but
foreclosures continue to saturate markets like Florida, driving down prices
even further. Buyers remain enthusiastic about purchasing real estate owned
(REO) property because they can get great homes at bargain prices. America's
leading foreclosure auction firm, Hudson & Marshall, will auction over 80
bank-owned homes November 2nd-5th in Miami, Tampa, Orlando, Fort Myers, Ft.
Pierce, Jacksonville and Panama City.

Valued from $12,000 to $475,000, each home comes with title insurance paid for
by the sellers. Buyers will be required to make a cash or certified check
deposit of $3,000 for each property of which they are the winning bidder.

"The foreclosures infiltrating today's housing market offer choices for every
type of buyer -- investor, first-time homebuyers and those looking to trade
up," said Dave Webb, principal, Hudson & Marshall. "While I don't think we've
seen the end of the foreclosure crisis, the market is nearing a bottom and
these discounts won't stay around forever," added Webb.

According to the National Association of Realtors (NAR), in September home
sales climbed to their highest level in two years, rising 9.4% from 5.09
million in August to 5.57 million in September. NAR also found distressed
properties, foreclosures and short sales accounted for 29% of the home sales
in September. Historically low interest rates, tumbling prices and the first
time homebuyer tax credit have been propelling recent gains.

Properties are sold "as-is" and buyers should inspect homes before placing any
bids. Buyers may view homes during the open house scheduled October 31st and
November 1st from 1:00 pm-3:00 pm 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.

Homes will be auctioned on the following dates:
November 2nd( )-- Panama City (6 homes)
November 3rd -- Jacksonville (12 homes)
November 4th -- Ft. Pierce (9 homes)
November 4th -- Miami/Ft. Lauderdale (13 homes)
November 4th -- Orlando (17 homes)
November 5th -- Fort Myers (9 homes)
November 5th -- Tampa (16 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.

Crystal Wright, Baker Wright Group

SOURCE Hudson & Marshall of Texas, Inc.

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