An unfortunate consequence of the increase in foreclosures is that many homes are being auctioned by the foreclosing lenders. On January 16 and 17, 2007 600 Georgia houses will be auctioned by the firm of Hudson and Marshall, according to this article in the Atlanta Business Chronicle.
The homes are valued from $30,000 to nearly $700,000, according to the company, which says it is America’s largest auction firm of bank-owned real estate
The company said it will auction over 500 Atlanta homes Jan. 16 and 17 at the Atlanta Marriott Perimeter Center and Jan. 19 and 20 at the Hilton Atlanta. Other homes will be auctioned in cities throughout Georgia on the following days: Jan. 15 in Athens; Jan. 16 in Macon; Jan. 17 in Ellijay; and Jan. 18 in McDonough. All the homes have been repossessed by banks.
More information, including information and pictures of the houses may be found by clicking the Hudson and Marshall website.