Over 230 Kansas City Homes Auctioned May 14th and 15th

Valued from $2,000 to $94,000, Most Homes Sold Absolute to the Highest Bidder Regardless of Price

KANSAS CITY, Mo., April 27 /PRNewswire-USNewswire/ -- Buyers hunting for incredible discounts on homes will find a bushel at Hudson & Marshall's two-day receiver's auction of over 230 Kansas City homes. Each property comes with an insurable title, no back taxes or liens and will be auctioned May 14th and 15th at 1:00pm at the Holiday Inn Kansas City SE-Waterpark Hotel.

This is a receiver's auction. Hudson & Marshall will auction the properties on behalf of a seller, a court appointed receiver in case no. 0916-CV19633. In an effort to quickly sell these properties, most of the properties being auctioned will be sold absolute (no minimum and no reserve bids) to the highest bidder regardless of price.

Buyers will be required to make a cash or certified check deposit of $1,000 for each property which they are the winning bidder. All homes being auctioned by Hudson & Marshall are sold "as-is" and buyers should contact listing agents to inspect properties before placing any bids. Complete property details, including photographs and additional information may be found at www.hudsonandmarshall.com or by calling 866-539-4172.

"For buyers looking to take advantage of today's real estate market, purchase property at a huge savings and hold onto it until the market rebounds, this auction is the ideal buying opportunity," said Dave Webb, principal, Hudson & Marshall.  "With little money down, buyers can purchase property at bargain prices they can either rent or live in," added Webb.

Many properties have been renovated and about 75 are currently leased and/or qualify for Section 8 housing, making them ideal income producing properties for investors.  Through its Housing Choice Voucher Program, also known as Section 8, the Department of Housing and Urban Development (HUD) provides low-income families with vouchers for up to 80% of a monthly market rate rent, which is paid directly to a landlord.

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. Pre-auction Bid-Now offers are subject to seller's confirmation, which means sellers have the right to accept, reject or counter any bid. Properties marked absolute will be sold absolute only on auction day.

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 $2.2 Billion and the company anticipates selling another 15,000 homes in 2010.

About Hudson & Marshall of Texas, Inc.

H&M is America's Premier Auction Authority. Our 45-year history combined with our continued process enhancements have allowed us to become one of the largest and most respected real estate auction firms in the United States. H&M has set the standard as a full service auction company and continues to consistently raise the bar for our industry. Our number one priority is to provide top-quality service to our customers. Buyers know they can count on H&M to provide value and service from the initial property offering through the closing process. This same approach provides sellers with a one stop single solution to the disposition of real estate assets. Sellers particularly appreciate H&M's streamlined approach that handles their assets from marketing through closing and funding. The H&M process allows the seller to minimize expenses and maximize return. H&M has assisted clients ranging from individuals to large, medium, and small corporations, government agencies, and financial institutions. Since 1999, H&M has sold and closed over 80,000 homes throughout the country. See more about H&M at www.hudsonandmarshall.com.

SOURCE Hudson & Marshall of Texas, Inc.