The LPS Auction Solutions division of Lender Processing Services will conduct an online auction of 26 bank-foreclosed homes located nationwide with a bid deadline of Oct. 18.
The varied portfolio of properties includes single-family homes and condominiums.
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.
Bids may be placed at the company’s website and by selecting "Bid Now" on each individual property's page. There is no cost to register to bid.
Buyers are encouraged to bid early because sellers may accept offers made prior to the bid deadline, 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. 16, from noon to 4 p.m. in each property's respective time zone. A complete list of open houses is available online 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. Once the winning bidder is selected, a signed purchase contract and earnest money deposit must be submitted.