Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage and real estate industries, has announced that its LPS Auction Solutions division will conduct an online auction of bank-foreclosed homes in Arizona, California and Nevada. The bid deadline is April 1, 2010.
Property information and photos of the homes for sale are available at www.LPSAuctions.com. The varied portfolio of properties includes single-family homes, condominiums, town homes and a duplex.
States and cities represented in the portfolio include Arizona (Phoenix); California (Los Angeles, Bakersfield, San Diego, Fresno, Sacramento, San Jose, San Luis Obispo and San Francisco) and Nevada (Las Vegas and Reno).
Bids may be placed by visiting www.LPSAuctions.com and selecting "Bid Now" on each individual home's Web page. A quick, no-cost registration is required to bid. Buyers are encouraged to bid early because 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.
"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 of LPS Auction Solutions. "There are some wonderful deals for interested buyers."
All bids will be subject to seller approval. A co-op broker fee equal to three percent of the high-bid price will be payable on most homes to qualified licensed brokers whose clients close on the purchase of a property.
For more information, visit www.LPSAuctions.com.