LPS Hosting Online Foreclosure Auction in May
The technology and real estate services firm Lender Processing Services (LPS) will conduct an online auction of REO homes located across the country. The portfolio includes single-family homes, condos and town homes. The bid deadline is May 10, 2010. There is no cost to register, and LPS urges buyers to bid early as sellers can accept offers before the deadline. Winning bidders sign a purchase contract and must submit a money deposit. The homes will be available for viewing beginning May 1, May 2 and May 8. All bids are subject to seller approval. A 3% co-op broker fee must be paid on most homes to qualified licensed brokers whose clients purchase a property. The homes are located in Florida, Georgia, Louisiana, Ohio and Washington. “This auction is a terrific opportunity for homebuyers and investors to purchase one or more residential properties at a significant discount,” said Evan Gladstone, managing director, LPS Auction Solutions. “There are some wonderful deals for interested buyers.” Write to Jon Prior.