LPS Auction Solutions to Sell Portfolio of Foreclosed Homes In California, Arizona and Nevada through Online Auction

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Lender Processing Services, Inc. (NYSE:LPS) today announced that its LPS Auction Solutions division will conduct an online auction of bank-foreclosed homes in Arizona, California and Nevada. The bid deadline is April 1, 2010. Property information and photos of the homes for sale are available at http://www.LPSAuctions.com. Bids may be placed by visiting http://www.LPSAuctions.com and selecting “Bid Now” on each individual home’s Web page. Most homes will be available for viewing on Saturday, March 20; Sunday, March 21; and Saturday, March 27, from 12 p.m. to 4 p.m. A complete list of open houses will be available online at the LPS Auction Solutions Web site at http://www.LPSAuctions.com.

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This auction is a terrific opportunity for homebuyers and investors to purchase one or more residential properties at a significant discount. There are some wonderful deals for interested buyers.

Lender Processing Services, Inc. (NYSE:LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today announced that its LPS Auction Solutions division will conduct an online auction of bank-foreclosed homes in Arizona, California and Nevada. The bid deadline is April 1, 2010.

Property information and photos of the homes for sale are available at http://www.LPSAuctions.com. The varied portfolio of properties includes single-family homes, condominiums, town homes and a duplex.
States and cities represented in the portfolio include Arizona (Phoenix and Tucson); California (Los Angeles, Bakersfield, San Diego, Fresno, Modesto, Redding, Sacramento, and San Francisco) and Nevada (Las Vegas).

Bids may be placed by visiting http://www.LPSAuctions.com and selecting “Bid Now” on each individual home’s Web page. A quick, no-cost registration is required to bid. Buyers are encouraged to bid early because sellers may accept offers made prior to the bid deadline. Once the winning bidder is selected, a signed purchase contract and earnest money deposit must be submitted.

“This auction is a terrific opportunity for homebuyers and investors to purchase one or more residential properties at a significant discount,” said Evan Gladstone, Managing Director, LPS Auction Solutions. “There are some wonderful deals for interested buyers.”

Most homes will be available for viewing on Saturday, March 20; Sunday, March 21; and Saturday, March 27, from 12 p.m. to 4 p.m. A complete list of open houses will be available online at the LPS Auction Solutions Web site.

All bids will be subject to seller approval. A co-op broker fee equal to three percent of the high-bid price will be payable on most homes to qualified licensed brokers whose clients close on the purchase of a property.

For more information, visit http://www.LPSAuctions.com or call 866-763-9094.

About Lender Processing Services

Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, workflow automation (Desktop®), servicing, portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages are serviced using LPS’ Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit http://www.lpsvcs.com.

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Darcy Patch
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