SOURCE: John Dixon & Associates

John Dixon & Associates

February 23, 2011 09:39 ET

Citizens Tri-County Bank to Sell Homes, Lots, Commercial Properties and Land at March 19 Auction

DUNLAP, TN--(Marketwire - February 23, 2011) - A variety of properties in both Tennessee and Georgia -- including homes, home sites, commercial properties and land -- will sell to the highest bidder on Saturday, March 19. Many will sell at absolute auction, meaning they will go to the highest bidder, regardless of price.

The properties are being sold by Citizens Tri-County Bank, which will host the auction at its Dunlap, Tenn., branch and will offer financing on many available properties. They are located in Bledsoe, Grundy, Hamilton, Marion, and Sequatchie Counties, Tennessee, as well as in Dade and Walker Counties, Georgia.

The 17 properties should appeal to a wide variety of bidders, according to John Dixon, president of John Dixon & Associates, the auction company marketing the properties and conducting the auction.

"This is a diverse group of properties that stretch across two states and could represent some excellent opportunities for individuals, businesses, or developers," Dixon said. "All of these properties have been foreclosed on, so what this ultimately means is that a smart buyer or investor can obtain a commercial property, a home, or some undeveloped mountain or recreational land at a price that is likely to be below the appraised value."

"By selling these properties at auction, the bank is getting them back into the productive economy and promoting future business growth," said Dixon.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States. Individuals seeking additional information may contact John Dixon's Tennessee office at 423-825-0049 or visit www.johndixon.com. More auction information.

Contact Information

  • For more information:
    Carl Carter
    (205) 378-9290

    Lindsay Fernandes
    (205) 909-3705