J. P. King Auction Company, the nation’s leading auction marketing firm will manage the Federal Deposit Insurance Corporation’s (FDIC) auction of foreclosed property in Detroit, Michigan on September 30, 2008, 2 p.m. at the Rock Financial Showplace. J. P. King’s Asset Auctions Division will auction 83 foreclosed properties.

The properties range in value from as low as $2,500 to a spectacular Grosse Pointe home last listed at more than $1.3 million. Properties include single family residencies, duplexes, triplexes, quadplexes, commercial and land in the counties of Wayne, Jackson, Oakland, Eaton, Genesse, Tuscola and Lenawee.

“We are pleased to have been selected by the FDIC for this real estate auction,” said Craig King, president & CEO of J. P. King Auction Company. “We will assist the FDIC by returning these properties to the private sector.”

Properties will be open for inspection at designated times during the weeks leading up to the auction, which will be posted on www.jpking.com. Individuals interested in information about the upcoming auction may contact J. P. King’s Asset Auctions Division at 800.558.5464 or visit the company’s web site. Online bidding will be available and interested participants can visit the website for additional information.