Hudson & Marshall will auction nearly 120 bank-owned Chicago area foreclosures on November 2, 2008 at 1:00pm at the Chicago Marriott Southwest at Burr Ridge.

Valued from about $10,000 to over $300,000, the homes being auctioned in Chicago come with guaranteed title insurance paid for by the sellers. Winning bidders will be required to make a $2,500 deposit in the form cash or certified funds for each property, which they are the successful bidder. Prior to the auction, buyers can purchase property online by visiting the website and clicking on the Bid-Now icon. Sellers usually 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.

Auction info http://www.hudsonandmarshall.com/

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Posted: 11|2|08 at 11:22 am. Filed under: US Auction News.