Auction.com is auctioning off about 50 bank-owned properties in the Greater Houston area tonight, and a big crowd is expected.

Auction.com had a foreclosure in Houston last month brought $6.4 million for 74 properties, which greatly boosted Houston’s local economy, according to Auction.com CEO Jeff Frieden.

A Houston foreclosure. Image courtesy of Auction.com.

“When a house sits vacant, it hurts the local and even the national economy,” Frieden said. “But when Auction.com turns a foreclosed house back into a home, a new family is paying a mortgage, property taxes, gas, electric and water bills, and they’re creating jobs by hiring landscapers, painters and electricians – all of which fuels the economy.”

The auction at the Hilton Houston Post Oak begins tonight at 6:30 p.m. For more information, go to auction.com.