There’s only one week left in the online auction for 16 bank-owned luxury custom home sites in the exclusive Reno community of Somersett, and buyers are gearing up to make competitive bids in hopes of landing one of these prime lots.

The bank-owned auction includes three home sites, ranging from an acre to 1.57 acres, located in Eagle Chase, one of Somersett’s premier gated communities, with the other thirteen home sites, ranging in size from 0.45 acres to more than five acres, residing in the gated community of Champion Hills. Many of the home sites feature unmatched views of the nearby golf course and surrounding mountains.

Nestled at the base of the Sierra Nevada Mountain Range in west Reno, Somersett delivers the best of both worlds: the peace and privacy of a secluded suburban neighborhood, all just a short drive away from the vibrant city life of Reno. This award-winning golf community features two golf courses designed by U.S. Open Champion Tom Kite, a 9-hole course available to all residents and an 18-hole course for members of the private Somersett Country Club. For non-golfers, Somersett offers over 27 miles of paved and natural hiking and biking trails amid rolling hills and wandering rivers. In addition, residents of this expansive community enjoy exclusive access to The Club at Town Center, a luxurious, $9 million facility that includes an aerobics studio, a state-of-the art gym, basketball court, massage room, two spas, and three junior Olympic-size pools, as well as a Kids Corner and Teen Club.

Interested bidders are encouraged to visit www.LFC.com/882R2 to view important property documents and disclosures and conduct due diligence prior to bidding. The bid deadline is July 29, 2010.

LFC is returning to bustling Reno, Nevada for our latest online auction campaign on our commercial auction website LFC.com. This bank-owned auction features a total of sixteen custom luxury home sites in the exclusive, prestigious Reno gated community of Somersett.

Nestled at the base of the Sierra Nevada Mountain Range in west Reno, Somersett delivers the best of both worlds: the peace and privacy of a secluded suburban neighborhood, all just a short drive away from the vibrant city life of Reno. This award-winning golf community features two golf courses designed by U.S. Open Champion Tom Kite, a 9-hole course available to all residents and an 18-hole course for members of the private Somersett Country Club. For non-golfers, Somersett offers over 27 miles of paved and natural hiking and biking trails amid rolling hills and wandering rivers. In addition, residents of this expansive community enjoy exclusive access to The Club at Town Center, a luxurious, $9 million facility that includes an aerobics studio, a state-of-the art gym, basketball court, massage room, two spas, and three junior Olympic-size pools, as well as a Kids Corner and Teen Club.

This bid deadline for this online auction is July 29, 2010, but with such a large variety of offerings, all interested buyers are advised to begin their research and due diligence as soon as possible by visiting LFC.com/882L1.

As always, follow us on Twitter at Twitter.com/LFC_Auction to stay up to date on all our auction campaigns.

In a campaign that stretches from Missoula, Montana to the Idaho state line, 28 properties are up for Online Auction and priced to sell on our commercial real estate auction platform, LFC.com. The properties are located in various towns along Interstate 90, including Missoula, St. Regis, Huson Heights, and Alberton.

Here are the Auction Highlights

• Minimum Bids Starting at $19,000.
• HUGE Land Sale: 28 Properties Offered
• Priced to Sell
• Residential. Commercial, and Recreational Land
• Residential Subdivisions
• Possible Ranch Opportunities
• Variety of Uses

About Western Montana

Missoula has earned itself the nickname, “the Garden City” because it’s known for having mild winters in comparison to the rest of the state. Rated as one of the best places to launch a small business by CNNMoney.com, the metropolitan area of Missoula has over 100,000 residents and is home to the acclaimed University of Montana. Also known for it’s two non-profit hospitals, Missoula is considered one of the most sophisticated cities in the country.

For more property information and auction details visit LFC.com.

LFC launched a new online auction campaign for two parcels of development land in South Carolina this week, and I wanted to fill you in on all the details. This campaign is going to be a quick one because the Bid Deadline is just around the corner on June 24th and this opportunity is sure to get snatched up soon!

The first parcel offered on our online auction website, LFC.com, is comprised of +/- 210 acres in Anderson, SC. The property has direct access to Broadway Lake and features panoramic views of the nearby rolling hills. Located only ten miles away in the town of Starr, the second land parcel has +/-62 acres zoned for residential, agricultural or recreational use. Better yet, it also has preliminary utilities on site!

Known as the “friendliest city in South Carolina,” Anderson and the surrounding metropolitan area has over 165,000 residents making both of these properties phenomenal development opportunities. Moreover, there are over 230 manufacturers, including 22 international companies in the area. Anderson and Starr are situated in the Blue Ridge Mountains of North West South Carolina, making them only a two hour drive from both Atlanta, Georgia and Charlotte, North Carolina.

To view all of the documents such as property maps, development plans, tract maps, and all necessary due diligence materials, go to the online auction at LFC.com.

Related Websites

• Anderson Area Chamber of Commerce
• Anderson Convention And Visitors Bureau’s Visitor Center
• Anderson School District
• Anderson University
• Anderson Sports & Entertainment Center
• Destination360.com

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We recently launched a new auction for a property in Diamondhead, Mississippi on our online auction platform for the disposition of land and commercial property, LFC.com, and it’s about time to fill you in on some of the details. Diamondhead is located in the southwest corner of Mississippi, less than 60 miles from both New Orleans, Louisiana and Biloxi, Mississippi. The Gulfport-Biloxi International Airport is also only a short drive east. As part of the Gulfport-Biloxi metropolitan area, Diamondhead has close to 6,000 residents, according to the 2000 national census.

Located on Park Ten Drive with high visibility and exposure to the busy I-10 freeway, this versatile land parcel is zoned C-2, and includes a signage site that can be used to generate additional income. Over 850 ft. of the property’s +/-13.72 acres are along Interstate-10. More importantly, the property’s suggested value is $2,500,000 and the minimum bid starts at $1,000,000!

If you want to see property photos, documents and other pertinent information, visit the online auction at LFC.com . Or if you want to get involved in the conversation with others in Diamondhead, you can become a fan of the Hancock County Chamber of Commerce on Facebook, follow them on Twitter, or join their network on LinkedIn. You can also get real time updates about this online auction and all of the other LFC auctions by following us on Twitter.

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The Never Lose a Listing® program is the newest addition to the LFC Group of Companies’ online auction platform, and we would like to highlight the first success story from this program for real estate professionals. If you missed our first post about Never Lose a Listing®, I’ll bring you up to speed on how the program works.

Never Lose a Listing® is aimed at commercial real estate professionals who want to utilize LFC’s online auction technology at no cost while keeping 100% of their sales commission. Real estate professionals looking to diversify their marketing strategies can use this program to build and run their own online auction campaigns, helping them capture buyer attention in today’s saturated commercial market. Participants in the program manage all of their online auctions while keeping a close watch on their prospects through the platform’s detailed prospect management tools.Furthermore, prospective buyers are directed to the broker’s exclusive landing page as participants market their listings independently from LFC.

One of the first real estate professionals to auction commercial property with this program generated a tremendous amount of buyer attention by utilizing LFC’s marketing tools, and in return, received multiple bids on the property. The auction was originally scheduled to end on April 29th, 2010, but the seller elected to invoke LFC’s patent-pending bid extension process, LAST CALL®, and the frenzy of competing buyers kept the auction going for an additional six days. In previous posts, I’ve explained how the extra time afforded by LAST CALL® protects bidders from unfairly losing the auction and allows them extra time to deliberate through their due diligence. Needless to say, the bidders might never have found their way to the online auction if not for the broker’s persistent use of LFC’s marketing tools.

One such cost-effective tool is auction signage. With Never Lose a Listing®, participating brokers can purchase the same signage that has proven remarkably effective throughout LFC’s storied history. Each auction sign, as well as all marketing fliers generated by the system, feature a unique URL that takes interested buyers directly to the auction property’s webpage, where prospects can view more property details and photos and perform extensive due diligence prior to placing a bid. Signage is one of the most cost effective and successful forms of marketing an online auction, and LFC streamlines the process, allowing brokers to focus on what they do best.

We expect this broker to capitalize on the opportunity to continue using LFC’s online auction technology in the near future, and we hope that his new auctions are as successful as this one. For more information about this program, visit LFC.com/NLL now.

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The bankruptcy auction of +/-29 acres on our online auction platform, LFC.com, is only one month away from its bid deadline, and I wanted to share more insight into the City of Spartanburg, South Carolina before the auction ends.

As I mentioned in my post about connecting with your town on social media, Spartanburg has been doing an exceptional job creating valuable content reaching out to residents and visitors through various social media services. However, I failed to mention that the city also runs a successful blog, teeming with local news and information that is worth checking out whether you live there or not. Their most recent article titled Newly Expanded Hours for Top Local Tourist Attractions provides updates on the hours of operation at the Hollywild Animal Park and the historical Walnut Grove Plantation. While the blog primarily focuses on current event updates such as the farmer’s market schedule and the city bike race, they also post relevant stories about the city, such as this article from the Washington Post that provides an in depth review of the town from an nonresident’s perspective, titled Spartanburg, S.C., savors its Colonial-era past and its BMW present. Becky Krystal crafts her story for the Post’s travel section by ushering readers through the days of old when the town was just a “railroad hub” up to the present day, when the city features a BMW luxury car plant and six schools of higher education.

These are just a couple of the articles I found noteworthy for their rich content and differing perspectives. I encourage you to research this historic town and read up on the economic growth its 150,000 residents are enjoying despite the down economy. If raw land factors into your investment strategy, visit our online auction so that you can perform all of your due diligence before May 27^th.

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Our online auction for bank-owned property in Orland, California has finally come to an end thanks to one persistent bidder who outlasted all others! Though a bid deadline was initially set for March 25th, the seller invoked our patent-pending LAST CALL® system which extends the auction by twenty four hours each time a new high bid is placed. Ten different bidders combined to place over 30 bids, keeping this exciting online auction alive until April 15^th after a remarkable three weeks of Last Call® bidding.

Much of Northern California, including Orland, was hit hard and early by the collapse of the commercial real estate market, creating countless investment opportunities, such as this bank-owned plot of land, which created quite the buzz among local residents and business professionals alike.

There are many aspects that made this property attractive. For starters, the minimum bid of just $110,000 represented a remarkable deal for such a versatile property. Also, the land’s close proximity to the bustling town of Chico stretched its appeal across the entire region.

This auction may have ended, but you can always stay up to date on all of our exciting auctions by following us on Twitter, subscribing to our RSS feed, signing up for our monthly eNewsletter, or checking out our website LFC.com.

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Beginning April 14th, 2010, LFC will be auctioning another commercial real estate property on its online auction marketplace, LFC.com. By order of the trustee, a ±29.1 acre plot of land in Spartanburg, South Carolina is in Chapter 7 Bankruptcy and for sale at auction. Located at the intersection of Interstate 26 and Interstate 85, the property is un-zoned land, giving it an endless number of development possibilities. There are also some utilities that have been brought to the site.

For those unfamiliar with the area, Spartanburg is the largest city in Spartanburg County, boasting 150,000 residents and experiencing stable economic growth despite the down economy. The town has a long and storied history dating back to the Revolutionary war, and was named after the Spartan regiment of South Carolina’s militia. For more Spartanburg information from a local’s perspective, check out what the Spartanburg Chamber of Commerce has to say on its Relocation Information page.

Here’s a short video from a series on the Spartanburg City YouTube channel describing the cities conservation efforts.

If you want to join in the discussion about Spartanburg real estate and the like, you can follow the City of Spartanburg on Twitter. To view this online auction, all of the property’s pertinent documentation, photos and more property details, visit our online auction marketplace for commercial real estate at LFC.com. However, this incredible opportunity won’t last forever because the Bid Deadline is on May 27th, 2010 and the clock is ticking!

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Yesterday was the Bid Deadline for the online auction of +/-53 acres of bank-owned land in Orland, Calif., but the seller has elected to continue the bidding with LFC’s patented LAST CALL®.

Due to the seller’s invoking of LAST CALL®, the new Bid Deadline is set for Monday, March 29th at 5:00 PM PDT. This means that the auction will end on Monday at 5:00 PM unless someone places a higher bid before the deadline. If another bid IS taken before Monday’s deadline, the auction will be extended until Tuesday. These twenty-four hour extensions will continue until no more bids are placed.

You might be asking, why would bidders be allowed to extend the deadline? In order to explain that I will have to answer your question with a question: have you ever been sniped on eBay? In my post about our online auction in Columbus, Ohio, I explained LAST CALL’s extension process and sniping in detail:

LAST CALL® protects bidders from auction sniping. If you are familiar with other online auctions sites such as eBay, you know that everyone interested in the auction waits until the very last second to place their bid. There is even software that will automatically enter a bid in the last millisecond of the auction, what we call “auction sniping.” LAST CALL® protects bidders by eliminating the possibility of “sniping.” Real estate is a rather large investment to make online and we strive to give all bidders a fair chance at winning. Understanding that real estate is a rather large investment to make online, we made the LAST CALL® extension increment 24 hours to give bidders plenty of time to deliberate.

I invite you to follow this auction closely as bidders compete for the property. You can join in the conversation and stay informed about this online auction by following us on Twitter. If you have any questions pertaining to LAST CALL® or this auction, feel free to leave a comment.

Happy Friday!

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