GREEN BAY, Wis., Nov. 16, 2011 (GLOBE NEWSWIRE) -- Micoley & Company Auctions [www.decemberauctions.com] announces a series of FDIC real estate auctions in six Eastern states, December 2-4, 2011, according to Wade T. Micoley, President.
"We are very excited to offer these properties to the public. With many properties selling absolute, this will be a wonderful opportunity for home buyers and investors," said Micoley. "The inventory of homes has a wide range of styles and amenities. With great pricing and mortgage rates at an all time low, this event will be looked upon as a well placed strategic purchase for real estate buyers throughout the East coast."
Up for bid are approximately 45 properties in Massachusetts, Maryland, New Jersey, New York, Pennsylvania and Virginia. The portfolio contains mostly single family homes and many will sell absolute, to the highest bidder. The auctions will be held in three different cities over the first weekend of December.
The auction series will kick off in Boston, Mass., on Friday, December 2, at 2pm Eastern, at the Boston Marriott Copley Place. The series will then move to Philadelphia, Penn., on Saturday, December 3, 2011, at 11am Eastern, at the Hampton Inn Center City Philadelphia.
The final auction will be on Sunday, December 4, 2011, at 1pm Eastern, at the Norfolk Waterside Marriott in Norfolk, Va.
Prospective bidders are encouraged to attend a free online bidder seminar scheduled for Wednesday, November 30, at 3pm Eastern. The seminars will answer questions regarding the auction process, how to register for the auction, the bidding process and auction terms and conditions.
Both in-person and online bidding will be available. For more details, including a schedule of open house times and a property list, visit www.decemberauctions.com or call (888) 662-1020.