Over 250 Foreclosed Atlanta Homes Head to the Auction Block, Tempting Buyers With Deals

/PRNewswire -- As home sales edge upward, buyers continue to gravitate toward foreclosed properties because they remain some of the best buys in today's real estate market. On average bank-owned homes sell at a discounted price compared to similar homes in a neighborhood. Hudson &Marshall will auction over 250 Atlanta area foreclosed homes January 22nd-23rd at the Atlanta Marriott Century Center at 1:00 p.m.

Prospective buyers will be required to make a $2,500 cash or certified check deposit for each property, for which they are the winning bidder. There is a wide array of homes from which investors and owner-occupant buyers can choose. Homes come with an insurable title, and all sales will close within 30-45 days. Buyers may secure financing with the lender of their choice prior to closing; however, closing is not contingent upon financing.

"The downturn in the housing market has made buyers more educated and savvy about the homebuying process. With the high levels of foreclosures flooding the market, consumers have realized that foreclosures don't necessarily mean run-down property anymore. They can be purchased at a reduced price and in move-in ready condition," remarked Dave Webb, principal, Hudson & Marshall.

All properties auctioned by Hudson & Marshall are sold "as-is" and buyers should inspect properties before placing any bids. Homes can be viewed during the open house scheduled Saturday, January 15th and Sunday, January 16th from 1:00 p.m.-3:00 p.m. or by contacting listing agents to schedule appointments. Complete property details and additional information may be found at www.hudsonandmarshall.com or by calling 866-539-4172.

Realtytrac® reported during the third quarter of 2010, foreclosures accounted for 25% of all U.S. home sales, and average sales price of properties sold while in some stage of foreclosure was more than 32% below the average sales price of homes not in the foreclosure process. In Georgia, foreclosure sales accounted for 29% of all residential home sales in the third quarter of 2010.

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.

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Having sold over 80,000 homes for sellers in the past ten years, Hudson & Marshall, 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 $3.5 billion, and the company anticipates selling another 15,000 homes in 2011.

Southeastern Realty Group Becomes Real Estate Brokerage

As 2010 gave way to 2011, The Southeastern Home Team became the Southeastern Realty Group, Georgia's newest full-service real estate brokerage. With the brokerage comes a renewed commitment to providing a real estate experience that goes well beyond the expectations of buyers, sellers and agents.

“We will provide an environment where those agents that want to be successful will have the opportunity to do so. We know the market is difficult right now, but with the focused training and opportunities we provide, an agent willing to work WILL be successful,” said Mary Colson, Broker in Charge.

The company was founded in 2002 as the Southeastern Home Team when Amy Ransdell, an avid Realtor and investor, discovered the need in the Atlanta market for a real estate company that could go beyond the offerings of a typical real estate office. At the time, there was no company equipped to readily handle the needs of a short sale, as well as provide strategies to help homeowners avoid foreclosure. Distressed properties were also frowned upon throughout the industry due to the amount of time it took to effect a sale, the usual condition of the property and the low success rate in completing a short sale.

"We were all about the short sale and foreclosure market, and saw the opportunities in rehabbing and flipping houses before it became the trend it is now. It seems like everyone is attempting to do them now. Even today, our success rate in bringing a short sale to the closing table is three times better than the national average,” said Ransdell.

The company's team concept proved to be successful from the onset. Ransdell's undying belief in the "Power of Team" has provided clients the best possible experience in specialized services. In addition to traditional real estate transactions, its team of professionals have over a century of combined experience, and are well-versed in Atlanta short sales, foreclosures, avoiding foreclosure and loss mitigation. The company, based just off I-575 in Woodstock, serves buyers and sellers throughout metro Atlanta.

Southeastern Realty Group's areas of expertise include:

Buyer’s agent
Seller’s agent
Short sales
Foreclosures
Avoiding foreclosure and loss mitigation
Quick sales
Strategic investments
Residential and commercial property sales
REOs and foreclosed bank assets

The brokerage is looking for a handful of top notch, tech-savvy agents to accommodate the growth it has experienced over the past few years. Southeastern Realty Group offers three different and affordable agent participation levels, excellent technology resources and a paperless transaction system. To learn more, please visit http://www.southeasternrealtygroup.com. Then click on the blue "Join Our Team" button.