An upcoming auction may act as a reminder about the possibilities that investors in California property may be able to make the most of in the state.

Hudson & Marshall of Texas has said that it is to carry out an auction of 300 properties in the north of the state between November 12th – 16th.

These properties are located in the towns and cities of Fresno, Merced, Modesto, Salinas, Stockton, Bay Area and Sacramento.

Principal of the firm Dave Webb said: "Bank-owned foreclosure auctions offer buyers many choices of property at discounted prices."

The company said that the value of the properties ranges from $35,000 to $500,000 (£22,400 to £320,000).

In further news that may interest California property investors, it has been stated that foreclosures can also help to lower house prices in general.

This observation was made last month in the San Fernando Valley Economic Research Centre’s economic report 2008, which concluded that the general increase in availability has lowered prices.

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