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Hudson and Marshall to Auction Foreclosed Properties

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By : Leticia Carvalho    99 or more times read
From November 4 to 9, people of Ohio and Pennsylvania will be given a chance to purchase homes in discounted prices when Hudson and Marshall auction about 500 foreclosed properties in these states.

Banks will sell foreclosed homes to avoid the costs involved in keeping these properties. In Cleveland alone, over 150 properties will be auctioned on November 8.

Hudson and Marshall Principal Dave Webb says that purchasing homes through foreclosure auction is a good deal for buyers. He adds that these properties are usually sold by national lenders below market value, with them paying the guaranteed title insurance.

The auction requires no pre-registration. Staff of Hudson and Marshall will be around during the auction to provide assistance to prospective buyers from the start of the bidding to closing.

There will be an open house for all properties on the auction block, from November 1 to 2. Prospective buyers should inspect the homes being sold before placing their bids since all properties are auctioned as-is.

As of September, Ohio ranked 7th in terms of foreclosure rates among states while Pennsylvania ranked 31st. The number of homes in several cities in Pennsylvania and Ohio where Hudson and Marshall auctions will be held are:

- 8 homes in Philadelphia
- 14 homes in Scranton
- 40 homes in Cincinnati
- 49 homes in Dayton
- 48 homes in Columbus
- 8 homes in Harrisburg
- 9 homes in Marion
- 34 homes in Toledo
- 30 homes in Pittsburgh
- 8 homes in Fremont/Sandusky
- 26 homes in Youngstown
- 167 homes in Cleveland
- 43 homes in Akron/Canton

Hudson and Marshall has sold more than 70,000 foreclosed properties for eight years now. The company’s sales process allows it to sell large blocks of homes with less cost for sellers and big profits.

Hudson and Marshall’s total sales since 2004 have reached $1.2 billion. It expects to sell another 30,000 foreclosed homes through 2009.
Leticia Carvalho has been educated in the finer points of the foreclosure market over 5 years.

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