Hudson & Marshall has announced that it is joining forces with Genesis Auctions, an Internet-based distressed residential real estate disposition platform. Dave Webb, principal and owner of Hudson & Marshall, will co-own and co-lead the new combined entity with Trixy Weiss, founder and chief executive officer of Genesis Auctions. For more than 50 years, Hudson & Marshall has provided real estate auction services along with high impact marketing services. The company has sold more than 150,000 properties nationwide, with over $5 billion of real estate sold just in the last five years. The Genesis Auctions platform enjoys wide access to both real-estate owned and non-performing assets from banks, servicers and private sellers. Genesis Auctions hascompleted asset dispositions across all 50 states and currently has thousands of fullyvetted national and local/regional buyers and borrowers registered on the platform.
This transaction pairs Hudson & Marshall’s stellar reputation of integrity and performance with the nation’s leading servicers, lenders, credit unions, government-sponsored enterprises (GSEs), asset management firms, and investors with Genesis Auctions’ reputed investor marketing, innovativeness, and synergistic relationship with lending affiliate Genesis Capital, a private bridge lender to investors active in distressed single-family real estate. The firms will be owned by Global Property Exchange LLC and maintain the Dallas and Los Angeles operations of both companies.
“Hudson & Marshall’s excellent industry reputation is built on success, ingenuity, and hard work. Our specialized services and customer-centric approach have made Hudson & Marshall a recognized leader in our industry with results that exceed the industry average," said Webb. "The addition of Genesis’ investor sales and marketing programs and databases, technology expertise, and relationship with Genesis Capital, will attract more buyers to our platform and provide them access to capital which will increase auction execution exponentially and enable a higher level of service to our collective clients."
