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AmeriBid LLC to Conduct Auction of 80+/- Homes and Lots Throughout San Antonio

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SAN ANTONIO, Texas, Aug. 23, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the auction of 80+/- homes and lots on behalf of the San Antonio Housing Authority (www.saha.org). The auction will take place on Saturday, September 21, 2013 at the Henry B. Gonzalez Convention Center, Room 006, located at 200 East Market St. in San Antonio. Registration begins at 10:00am CDT.

"One of SAHA's primary strategic goals is to expand the supply of affordable housing," says Kathy McCormick, SAHA Development Services and Neighborhood Revitalization Officer. "By divesting certain SAHA properties, we are able to provide opportunities for neighborhood and community development throughout the city, while advancing the affordable housing goals of SAHA and being efficient with Agency resources."

Homeowners, investors, developers, non-profit organizations or those seeking a good investment will have an opportunity to bid for properties located throughout the San Antonio area. SAHA has owned many of these properties for a number of years and has decided to auction these properties, placing them back into the private sector for use, development or investment. Non-Profit (501-c-3) organizations will be given special consideration to purchase sites in a special "NPO Only" auction, prior to the public auction. Potential buyers are encouraged to inspect each property before bidding and be prepared to close purchases within the required 30-day closing period. All properties are sold in an "As-Is, Where-Is" condition.

Paul A. Lynn, CCIM, Regional Director and Broker for AmeriBid also comments, "This is a great opportunity for buyers to name their own price and be able to purchase this diverse group of properties for use, investment or development."

An informative Buyer's Seminar will be held Wednesday, August 28, 2013 at 7:00pm CDT at The Park Church located at 2659 Eisenhauer Road in San Antonio. Registration will begin at 6:30pm.

For specific property information including Descriptions, Zoning, and Parcel #s, please refer to the Detailed Lot List located here.

Five percent (5%) Buyers Premium applies. A one percent (1%) Broker participation is offered, subject to Auction Company Broker Registration Form and guidelines therein. Property open house dates and times are available here. To receive more details and complete terms, please visit www.ameribid.com. For more information, contact Fernando Palacios at 877.933.7779 (fernandopalacios@ameribid.com). If you would like to reach the San Antonio Housing Authority for comment, contact Angela Johnson at 210.477.6972 (angela_johnson@saha.org).

About AmeriBid

Headquartered in Reston, VA, AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies. To be notified of future auctions, sign up for email alerts here.

The AmeriBid logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15338

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CONTACT: Media Contact: Michelle Baker 877.895.7077

Source: AmeriBid