Press Release

Hudson & Marshall Holds Seminars to Attract First-Time Homebuyers to Foreclosure Auction of Nearly 250 Atlanta Homes

The Atlanta Auction is Part of an Auction Series of 500 Foreclosed Properties throughout Georgia, Alabama and Tennessee May 3rd-9th

In an effort to help stabilize communities saddled with foreclosures, Hudson & Marshall will hold homebuying seminars in Atlanta to help first-time and owner occupant buyers become successful bidders at its auction of nearly 250 foreclosed Atlanta area homes May 8th and 9th. The seminars will be held April 21st and 29th at 6:30 p.m. at HomeFree USA in Atlanta. As part of Hudson & Marshall's Alliance Network program to help revitalize neighborhoods, the seminars will bring together local resources from housing counselors and contractors to real estate agents and mortgage consultants to attract more buyers to their auctions, who intend to live in homes they purchase.

HomeFree USA will offer before and after homebuying counseling and education tips to seminar participants. Since 1995, HomeFree USA has educated over 20,000 families about credit, mortgage financing, and homeownership and helped more than 2,400 families purchase homes.

A contractor from APD Solutions network will educate participants on how to rehab or remodel a home purchased through auction. With 20 years experience revitalizing neighborhoods, APDS is a national firm offering services to assist a range of clients rebuild challenged communities. During the seminars, mortgage lenders also will answer questions and provide information to participants on different financing options while local real estate agents will be on hand to provide information on properties and neighborhoods.

'Hudson & Marshall has seen first hand the negative impact foreclosures have on communities big and small, which is why are committed to doing more than just auctioning homes. Through our Alliance Network Program, we work with local groups in cities where we hold auctions to reach more buyers who are not only looking for affordable property but also houses they can turn into homes again,' said Dave Webb, principal Hudson & Marshall.

Valued from $15,000 to over $750,000, the 500 plus homes auctioned in Georgia, Alabama and Tennessee come with an insurable title, no back taxes or liens. Buyers will be required to make a cash or certified check deposit of $2,500 for each property for which they are the winning bidder.

All homes being auctioned by Hudson & Marshall are sold 'as-is' and buyers should inspect properties before placing any bids. Properties can be viewed during the open house scheduled May 1st and 2nd from 1:00 p.m.-3:00 p.m. or by contacting listing agents to schedule an appointment. Complete property details and additional information may be found at www.hudsonandmarshall.com or by calling 866-539-4172.

Hudson & Marshall will auction the homes on the following dates:

May 3rd -Mobile (20 homes) at 7:00 p.m.-Mobile Marriott

May 3rd -Memphis (20 homes) at 7:00 p.m.-Memphis Marriott

May 4th -Jackson, TN (6 homes) at 11:00 a.m.-Econo Lodge Inn & Suites

May 4th -Nashville (25 homes) at 7:00 p.m.-Hotel Preston

May 4th - Brunswick, GA (8 homes) at 1:00 p.m.-Bayomont Inn & Suites

May 4th -Savannah (20 homes) at 7:00 p.m.-Savannah Marriott Riverfront

May 4th -Columbus, GA (16 homes) at 7:00 p.m.-Hilton Garden Inn Columbus

May 4th -Dothan, AL (4 homes) at 1:00 p.m.-Holiday Inn Express Dothan North

May 5th -Knoxville (22 homes) at 7:00 p.m.-Knoxville Marriott

May 5th -Montgomery (18 homes) at 11:00 a.m.-Hilton Garden Inn Montgomery East

May 5th -Gadsden, AL (9 homes) at 7:00 p.m.-Comfort Suites

May 5th -Athens (7 homes) at 7:00 p.m.-SpringHill Suites Athens

May 5th - Macon (12 homes) at 7:00 p.m.-Hilton Garden Inn Macon-Mercer University

May 6th - Blairsville, GA (16 homes) at 1:00 p.m.-Country Inn & Suites by Carlson-Helen

May 6th -Decatur, AL (12 homes) at 1:00 p.m.-Courtyard Decatur

May 6th -Birmingham (45 homes) at 7:00 p.m.-Birmingham Marriott

May 6th -Johnson City, TN (7 homes) at 11:00 a.m.-Holiday Inn Johnson City

May 6th -Chattanooga (22 homes) at 7:00 p.m.-Sheraton Read House Hotel Chattanooga

May 8th -Atlanta (142 homes) at 1:00 p.m.-Atlanta Marriott Northwest

May 9th - Atlanta (99 homes) at 1:00 p.m.- Atlanta Marriott Northwest

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. 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.

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.