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Hudson & Marshall to Auction Nearly 500 Homes in Illinois and Indiana.

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| September 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

As the tidal wave of foreclosures continues to saturate the nation's sluggish real estate market with even more inventory, investors and first-time homeowners are discovering real estate auctions offer a pick of deals.

Unlike the traditional home purchase process where sellers name the price, in the auction process buyers determine the selling price of a property through a competitive bidding process where a property's true market value emerges.

The Dallas-based real estate auction firm of Hudson & Marshall will auction nearly 500 foreclosed homes in cities throughout Illinois and Indiana on August 13-19. About 200 of the properties for auction are located in Chicago alone.

The homes are owned by national lenders anxious to sell the properties to ...

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