No-Reserve Charity Auction To Offer Home For Less Than $2,000 -- HOUSTON, June 13, 2013 /PRNewswire/ -- HOUSTON, June 13, 2013 /PRNewswire/ -- PennyMansion.com, a new patent-pending online-home-auction company, is announcing its first online no-reserve home auction slated for June 23, 2013 at 5pm CST. Bidding will begin at $0.01 on a 3-year old, $131,000 Houston-area home, guaranteed to sell for less than $2,000! Logo: http://photos.prnewswire.com/prnh/20130613/CL31745LOGO One hundred percent of auction proceeds will be donated to charity. Proceeds from the first sale on June 23 will benefit the American Red Cross. Registration is limited, therefore interested participants are advised to secure a spot early before the day of the auction. PennyMansion.com (REI Technologies, LLC) purchased the home, located at 14511 Royal Mountain Dr., Houston, TX 77090, in 2012 for $131,000, and is now offering it to registered users in the no-reserve auction starting at $0.01. Built in 2010, the four-bedroom, two-bath, 2,325 square-foot home features a separate utility room, two-car garage, brick construction, and sits on a cul-de-sac street in the emerging Eagles Landing community off Kuykendahl, between FM1960 and Ella Blvd. A comparable home in the neighborhood is currently on the market for $149,885. For more information on the home please visit: http://www.pennymansion.com/auctions/14511-Royal-Mountain-Dr-Houston-TX-77090-481723 People interested in securing their registration spot for the June 23, 2013, 5pm CST home auction can register at: http://www.pennymansion.com/ Limit 1 registration per household and out-of-state buyers are welcome. For full registration terms please visit: http://www.pennymansion.com/ About Penny Mansion PennyMansion (http://www.pennymansion.com/) was founded on the dream of affordable home ownership. As part of its mission, PennyMansion's proprietary sales platform will allow Americans to buy homes for mere pennies on the dollar. Additionally, as a socially conscious company, PennyMansion aims to enrich its communities by partnering with local charities and donating 100% of the home auction sale price to those charities. SOURCE PennyMansion.com RELATED LINKS http://www.pennymansion.com