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LPS Auction Solutions to Conduct Online Auction of Foreclosed Homes

""Lender Processing Services, Inc."":http://www.lpsvcs.com/Pages/default.aspx (LPS), a Jacksonville, Florida-based provider of integrated technology and[IMAGE]

services to the mortgage and real estate industries, announced Tuesday that its ""LPS Auction Solutions"":http://www.lpsauctions.com/ division will conduct an online auction of bank-foreclosed homes located throughout the nation.

Florida, Georgia, Louisiana, Ohio, and Washington are just a few of the many states represented in the varied portfolio

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of properties, which includes single-family homes, condominiums, and town homes. Property information and photos of the homes for sale are available at ""Lpsauctions.com."":http://www.lpsauctions.com/

Most homes will be available for viewing on Saturday, May 1; Sunday, May 2; and Saturday, May 8, from 12 p.m. to 4 p.m., and bids must be placed by May 10, 2010, via the ""LPS Auction Solutions Web site"":http://www.lpsauctions.com/. However, buyers are encouraged to bid early because sellers may accept offers made prior to the bid deadline.

All bids will be subject to seller approval, and a co-op broker fee equal to 3 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. Winning bidders will be required to sign a purchase contract and must submit an earnest money deposit.

""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.""

About Author: Brittany Dunn

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