SOURCE: John Dixon & Associates

John Dixon & Associates

November 21, 2011 15:07 ET

Georgia Real Estate Auctions Top $2,137,891

MARIETTA, GA--(Marketwire - Nov 21, 2011) - Three auctions of Georgia bank-owned properties attracted strong fields of bidders last week, resulting in the sale of commercial, residential and agricultural properties for a combined $2,137,891. John Dixon & Associates managed all three auctions.

"We're finding people who are willing and even eager to buy properties at today's prices, because they're thinking ahead and preparing for the inevitable economic recovery. We've consistently achieved excellent results, and these take us into the holiday season on a very positive note," said John Dixon, president of the company.

The week began with a "mortgagee sale" Nov. 15-16 combining assets owned by several banks. Those auctions attracted more than 100 bidders who came in-person to the events in Macon and Atlanta, as well as another 75 who bid online. Rounding out the sales was the auction of a 167-acre working farm for $220,836 in Calhoun County. This auction was conducted by order of the U.S. Bankruptcy Court, Middle District of Georgia.

"The most important thing is that the banks are getting properties off their balance sheets, which is of critical importance both for the banks and for the economy. These properties weren't doing anybody any good sitting idle, and now the new owners can do something positive with them," said Dixon.

"It's already been a record year for us, and we're not through by any means. We still have auctions in the next few weeks in the Sarasota/Bradenton area, the Florida Panhandle, Wilmington, N.C., and Mableton, GA. Plus, we'll be selling bank branches in Georgia, Alabama, Illinois, Alabama, Mississippi, Tennessee and Texas, so it'll be a busy December," he said.

Individuals seeking additional information on the auctions may contact the firm at 770-425-1141 or visit

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States. More auction information.

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