SOURCE: John Dixon & Associates

John Dixon & Associates

December 03, 2010 16:53 ET

Giant Auction of Bank-Owned Real Estate Draws Strong Response at John Dixon Auction

ATLANTA, GA--(Marketwire - December 3, 2010) - Bidders snapped up hundreds of properties -- including 23 commercial properties, 20 land tracts, a lake townhome and 605 residential lots -- at a giant auction of bank-owned properties conducted Tuesday by John Dixon Associates.

The sale attracted a total of 132 registered bidders, evenly divided among those who attended the live event at the Ramada Inn Airport Conference Center in Atlanta and those who participated online. The live event drew a standing-room-only crowd.

"We're seeing more demand across the board, and this was the strongest interest I've seen in well over two years," said John Dixon, president of the Marietta-based auction company, which specializes in the sale of bank-owned real estate. The auction brought in a total of more than $4.67 million in bids.

"Real estate investors are realizing that the time to buy is when the market is down. Some people got some excellent values, and as the economy picks up, these buyers will be in the catbird seat, with some nice commercial buildings, land and home sites that will be of crucial importance when the inevitable rebound occurs in residential construction," said Dixon.

Individuals interested in additional information about the company or its future sales may visit or call 800-479-1763. More auction information.

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