AMSauctions.com to Hold Chicago's First Online Real Estate Auction June 11 - 18.Business Editors GADSDEN Gadsden (gădz`dən), city (1990 pop. 42,523), seat of Etowah co., NE Ala., on the Coosa River; settled in 1846, inc. 1871. Iron, coal, limestone, sand, clay, and timber are found in the area. , Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--June 5, 2000 Week-Long Auction of Bank-Owned Properties to Include Condominiums, Income Properties, Single Family Homes AMSauctions.com, the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the auction site of Accelerated Marketing Services Inc., will conduct the first online auction of bank-owned properties in the Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. area June 4 - 18. The fourteen-day auction will allow bidders to place and track bids for 25 properties on the company's web site, www.amsauctions.com. The properties up for auction range from multi family properties to six-bedroom single family homes. Bidding is open to the public, and bidders may register with a valid credit card on the secured site to participate. Opening bids for the properties will be as low as $5,000. AMS AMS - Andrew Message System will also host a live ballroom
A ballroom is a large room inside a building, the designated purpose of which is holding formal dances called balls. auction for approximately 150 additional properties on the evening of June 22 at the Drury Lane Theatre Drury Lane Theatre Oldest English theatre still in use. It was built in London by Thomas Killigrew for his acting company as the Theatre Royal (1663). It burned in 1672 and was rebuilt in 1674 with Christopher Wren as architect. in Oak Brook, Ill. One of the several national lenders who are participating in the auction is The Money Store, of Tulsa, OK. "We view our participation in this program as being of considerable value to both The Money Store and the consumers who will have the opportunity to bid on a wide range of very attractively priced properties," said Steve Nodine, real estate manager of The Money Store. "We are delighted to be part of this landmark effort and look forward to participating in future online auctions throughout the U.S." Other lenders participating in the Chicago auction include Ocwen Federal Bank, ContiMortgage, and CitiFinancial Mortgage. "We expect particularly high participation for the Chicago online auction, based largely on the quality of the properties being offered and the general appeal of bidding on bank-owned residences without even having to leave home," said Tony Isbell, president and founder of AMSauctions.com. "As the market for bank-owned properties continues to grow, we are confident that more and more home buyers and investors will realize the benefits of online bidding." Mr. Isbell added that AMSauctions.com already is planning additional online real estate auctions for Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. , Indianapolis, New Jersey and California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . The company plans to conduct a total of up to 25 online auctions in major U.S. markets this year. AMSauctions.com AMSauctions.com is the Internet auction site for Accelerated Marketing Services Inc., a national real estate auction company formed to provide home ownership and investment opportunities to anyone interested in purchasing real estate. AMS is designed to assist prospective homebuyers by providing them with information to make the home buying opportunity both exciting and practical. Its primary goal is to place prospective home buyers in homes at a reasonable price. To meet this goal, AMS will systematically offer large numbers of homes from large financial institutions to local real estate buyers throughout the country through live or electronic real estate auctions. AMS has offered over 2,000 bank-owned homes to bidders throughout the country over the past year. For more information call Tony Isbell at 256-549-1433, ext. 102. |
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