Auctions by ATG Launches Online Auction June 22

Chicago-based ""Attorneys' Title Guaranty Fund, Inc. (ATG)"":http://www.atgf.com/ has announced the launch of its new subsidiary, ""Auctions by ATG"":http://auctionsbyatg.com/, which will host a multi-property auction on June 22. Buyers will have the opportunity to bid live or online on a mixture of single-family and multi-unit properties with low opening bids and published reserve prices.

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""Auctions by ATG will provide the most transparent and dynamic auction process available today,"" said Diana M. Peterson, EVP of Auctions by ATG. ""By utilizing the resources and relationships that ATG provides, we are confident that Auctions by ATG will be a market leader and provide excellent opportunities for investors and other property purchasers nationwide.""

According to Peterson, the auction will introduce Auctions by ATG's new online bidding Web site. The site provides bidders research and analytical tools to evaluate properties prior to auction and also offers total transparency on auction day. Live-streaming video as well as a live bid in real time will also be available to registered bidders providing them the ability to observe the auction and electronically raise their bids.

""No other online auction process in Illinois currently has this capability,"" said Peterson. ""Our online bidding process delivers what so many investors who bid at auctions today want â€" a totally transparent online bidding experience with the ability to follow and participate in the auction in real-time, online.""

Peterson explained that online bidders who may not have time to participate can submit a maximum bid and authorize an onsite bidder at the auction to submit bids on their behalf up to their maximum.

""Unlike other auction firms, we have direct access to a substantial network of local investors who already attend foreclosure sales at ATG's offices twice a day,"" said Peterson. ""These investors are eager to seize the opportunities Auctions by ATG now offers. In addition, our variety of auction platforms will allow them to partake in many different types of sales and invest in a more diverse range of properties.""

The June 22 auction will be a tax deed auction and feature 12 residential properties in the Chicago area. These properties were the subject of a property tax sale, which means the purchaser of the delinquent property taxes has the right to take the deed as the delinquent property tax payer no longer has a right to redeem. The winning bidder at auction will be assigned the right to take deed to the property, subject to court issuance of the tax deed. Insurable title and a circuit court tax deed will be provided to the winning bidder at closing.

Auctions by ATG is a provider of live and on-line real estate auctions. In addition to its tax deed auction platform, it offers both residential and commercial auction platforms for REOs, short sales, developer units, and property notes.