Detroit Property Exchange To Conduct Real Estate Auction To Jump-Start Local Metro Detroit Housing Market

(EMAILWIRE.COM, July 17, 2007 ) Detroit, Michigan - Hundreds of properties, homes, and lots will be auctioned off in Detroit, Michigan. Emanuel Soto, spokesperson for Detroit Property Exchange (DPX), exclaimed, "Our July 21, 2007 Real Estate auction (to be held at the Hyatt Regency Dearborn) is geared to Detroit's market conditions. We will be auctioning 260 properties. If buyers do not have their financing in place, we want those buyers to know that we are offering seller financing at the auction. We are expecting a record crowd, and seating will be limited.” Mr. Soto goes on to say, “So serious buyers, plan to come early to get a seat, and to register for great real estate bargains.” Buyers can go to our web site at http://www.FlipDetroit.com to view the properties being auctioned. The properties include single family homes, multi-family units and stand-alone business buildingsWhen is the AUCTION? July 21, 2007. Registration will begin at 10am with the Auctioneer dropping the gavel at 11am. Where is the AUCTION location? The Hyatt Regency Dearborn is located at 600 Town Center Dr. Dearborn, MI 48126, in the Fairland Town Center shopping mall complex (M-39 Southfield Fwy at US-112 Michigan Avenue). Look for clearly marked signs and our representatives in blue shirts to direct you to the auction room. What are the answers to some of the frequently asked questions? Q: What do I need to be pre-registered or register the day of AUCTION? A: If you have received an Auction Brochure in the mail, you are Pre-registered. To complete the registration you will need to show $2500.00 in certified funds (cashiers check/money order/bank check) per property you will be bidding on. To register the day of the auction you will need to fill out the registration form provided to you by our representatives, and show your certified funds. Q: Can I only buy with Land Contract? A: No. You may buy all properties with cash or through our Land Contract program. Q: Where can I get financing? A: Simply call us and request your FREE application for financing from American Equity Partners. Q: What do I need to purchase a property at this auction? A: In order to receive a bidder's card you will need $2500.00 in certified funds. These funds will be applied to your 10% down payment. If your down payment exceeds these funds you will have to pay the remainder in a timely manner. Deposits are not refundable. Q: What happens if my 10% deposit is lower than $2500.00? A: DPX will return the balance to you in 3-7 days. We encourage you use the balance as a larger down payment in order to receive a lower interest rate on a Land Contract. Q: What happens if the 10% deposit is larger than $2500.00? A: You will have 10 days to pay the rest of the deposit. Deposits are non-refundable. Q: Can I buy a house without money down, and get a mortgage later? A: No. A 10% minimum deposit is required for all properties bought at auction www.flipdetroit.com www.flipdetroitauctions.com Ralph Marcus Maupin Jr., (Mark) of National Real Estate Network, remarked recently, "Our investor network members are really excited that they can go to a 'Detroit Real Estate Auction' on Homes where the seller is willing to provide land contract terms. This has been unheard of in this market. Here is a seller who serious about selling their properties." Come early for pre-auction resource workshop. In fact, be advised that there will be bonuses for those who come early to attend our resource workshops: Topics to be discussed include: - How to get business lines of credit that do not report to your personal credit report—speaker Michael Ogorek- free coffee mug to first 100 people sign up for the resource workshop. - Does your Credit Stink! Take that as good news. We have the #1 credit education and restoration expert, who will share what to do to turn your credit around – speaker Mary Griffin—Free credit Manual to the first 100 people sign up for the resource workshop - What is a Michigan Land Contract—The Pros and Cons on buying on a land contract in Michigan-- Speaker Ralph Marcus Maupin Jr., (Mark) - Many other free resources are available to buyers attending this auction. – there will be free drawings, including books, tapes, CDs and DVDs, Motional Speakers, Real Estate Experts and Gurus donated by National Real Estate Network, Wayne Community College District (WCCCD) , and Ralph Marcus Maupin Jr. Agenda for this 21 July 2007 auction is: 8:00 AM Registration for Pre-Auction Workshop (bonus gift for early birds) 8:30 AM Workshop for resources available for the Detroit Real Estate Market 10:00 AM Registration for Auction 11:00 AM Auction For further information and to qualify for Bonus Gifts, call Arthur W. Daniels Jr., (Art), Real Estate Broker/REALTOR, Unicorn Real Estate LLC. 248-802-3116, e-mail: ArtDaniels38@yahoo.com Web site: http://www.FlipDetroit.com Auction Location: Hyatt Regency Dearborn Detroit Real Estate Auction###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

National Real Estate Netroit, LLC
National Real Estate Network

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