LPS Auction Solutions to sell multistate REO portfolio in online auction
Lender Processing Services (LPS) will sell 63 homes and condos during a nationwide online auction of bank repossessed properties. The auction will be handled by LPS' auction division, LPS Auction Solutions. Bid deadline is Oct. 18. Property information and photos of the homes for sale are available at www.LPSAuctions.com where bids can also be placed. All are subject to seller approval, LPS said. The portfolio includes properties in Juneau, Alaska; Seattle, Wash.; Salt Lake City, Utah; Scottsdale, Ariz.; Colorado Springs, Colo.; Birmingham, Mobile and Montgomery, Ala.; Rockford, Ill.; Kokomo, Ind.; Cincinnati and Cleveland, Ohio; Washington, D.C.; and Raleigh-Durham, N.C. LPS said most homes will be available for viewing Oct. 9-10 and Oct. 16, but added that sellers may accept offers made prior to the bid deadline. Once the winning bidder is selected, a signed purchase contract and earnest money deposit must be submitted. LPS said real estate brokers are welcome to participate and a broker fee equal to 3% of the high-bid price will be payable on most homes to qualified, licensed brokers who assist clients with the sale. Write to Kerry Curry.