I have been researching foreclosure properties sold through auctions and keep seeing the name Hudson and Marshall.  Could you tell me more about the Hudson & Marshall company?

Hudson & Marshall Home Auctions conducts and runs auctions all around the country for more than 40 years.  Hudson and Marshall commits itself to their mission of a tireless pursuit of process-enhancement and core values of integrity, no excuses, customer service, respect, and adding value to their services.  Hudson and Marshall conducts business in the financial, mortgage, enery, technology, and restaurant sectors and have been able to derive value and success from many of the synergies among these sectors.

Since their founding in 1967, Hudson and Marshall Real Estate Auctions has conducted over $20 billion in real estate sales and transactions.  In the last five years, Hudson & Marshall has conducted over $1.2 billion in foreclosure properties and REO bank owned auction sales to place them among the forefront of the sector. Hudson and Marshall is licensed and qualified to conduct real estate auction events in every state in the US.

What types of properties can a person find with Hudson and Marshall?

Highly motivated holders of single family homes, apartments, condominiums, multi-unit buildings, and other lots of real estate can choose to sell their property through Hudson and Marshall property auctions.

What should I do before attending a Hudson and Marshall Auction for foreclosure properties?

You should check out listings of properties available from Hudson and Marshall.  See which properties you are interested in and visit the open houses whose times and locations you can get from the listings.  You will have to make your assessments of a property’s condition and value before the Hudson & Marshall auction event since all these foreclosure properties are sold as is.  It might also be a prudent approach to bring along a real estate agent or general contractor with you to the open house to better assess the condition, value, and neighborhood of the house or building.

What should I do to prepare for a Hudson and Marshall Auction once I have picked out some properties I want to bid on?

You will be required to register ahead of time for the Hudson and Marshall auction event as well as bring the proper documents, identification, and certified funds to make the deposits and earnest payments.  Keep in mind that you may forfeit your initial deposit if you win an auction but change your mind later on about completing the auction property purchase.

Am I allowed to have a real estate agent or broker familiar with the local real estate market with me at the Hudson and Marshall Auction to help facilitate the buying process?

Yes, Hudson & Marshall allows real estate agents or brokers to accompany you through the bidding and auction event and process although you are not required to have one.  Hudson and Marshall have tried to make the whole process as easy and pain-free as possible so that no broker will be necessary.

I am worried that since these are foreclosure properties that the titles I receive from buying them might have liens on it?

All properties sold through Hudson and Marshall auctions, even if they are foreclosure properties, will have no back taxes or liens.  Each of the sold properties will by conveyed by special warranty deed, and the seller will provide title insurance.

Can I choose the title company for the title transfer or even use a title company that I may own or operate?

The title company to be used for the property transfer of the Hudson & Marshall Auction property will be specified in the purchase agreement document.

How long will the closing take with the property I purchase from Hudson and Marshall Auction?

Normally, properties purchased from Hudson and Marshall auctions usually take anywhere form 30 - 45 days for the insurable title to be transferred once all the purchasing agreements and payments have been in order.

Is it possible to purchase a property prior to a Hudson and Marshall Auction?

Hudson and Marshall provides a Bid-Now program which allows buyers to make offers to property sellers before the date of the auctions.  Since sellers are highly motivated to move their foreclosure properties, they will review all these offers and might even accept your offer to buy before the auctions occurs.