LPS Auction Solutions to Sell Foreclosed Homes Through REO Auction

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 located nationwide. The bid deadline is Oct. 18, 2010. Some regions represented in the portfolio include 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. Property information and photos of the homes for sale are available at www.LPSAuctions.com. The varied portfolio of properties includes single-family homes and condominiums. Bids may be placed by visiting www.LPSAuctions.com and selecting "Bid Now" on each individual property's 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 presents buyers with a tremendous portfolio of properties at prices advantageous to homebuyers and investors," said Evan Gladstone, managing director, LPS Auction Solutions. Most homes will be available for viewing on Saturday, Oct. 9; Sunday, Oct. 10; and Saturday, Oct.r 16, from noon-4:00 p.m. in each property's respective time zone. A complete list of open houses is available online at the LPS Auction Solutions Web site at www.LPSAuctions.com. 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.