Summer time is in full swing and it’s ‘California Dreaming’ for real estate investors looking to purchase REO property in Northern California. North Valley Bank has brought a portfolio containing a suggested value of nearly $13 million in multi-family lots, SFR lots, vacant land parcels, community development land, and office retail condos to online auction at www.FRE.com. Minimum bids can start as low as $125,000 and with properties located in Lake County, Nevada County, Siskiyou County, Sonoma County,  and Tehama County, you’ll be sure to find assets that fit your investment strategy.

Though the portfolio’s properties are located in various parts of northern California, the online auction represents multiple investment opportunities for builders, developers and real estate investors to conveniently purchase bank-owned property through a transparent, fair and open bidding platform. Each auction profile page contains all  of the essential due diligence materials so bidders can view all of property details, photos, auction documents, escrow information, and property specific documents from anywhere in the world.

Check out all of the auction properties at www.FRE.com before the bid deadline of August 11th at 5:00pm PDT.

Related Posts

• Prime Bank-Owned Development Land Available in Online Auction
• 2 Weeks Left in Bank-Owned Auction Portfolio
• Dozens of On-going Online Auctions on LFC.com
• New Auction for Commercial Development Land in San Jose

The two parcels are being sold separately. One parcel measures ±12.2 acres and has a minimum bid of $999,000. The abutting parcel, with ±12.13 acres, has a minimum bid of $899,000. Both minimum bids are nearly 80 percent less than the previous listing prices.

For more details on the properties and the auction, visit LFC.com/804L1. The bid deadline is February 3, 2011.

There’s a new campaign on LFC.com for some very desirable bank-owned development land. There are a total of seven properties for auction, including large land parcels in central California and Nevada.

The auction features:

• A ±40 acre residential land parcel in northern Sacramento, part of a large master-planned development called The Panhandle, has a minimum bid of just $295,000.
• ±960 acres of vacant land mapped for 676 residential units within the proposed Mortensen Ranch master-planned development in west Reno, Nevada. This property has a low minimum bid of just $995,000.
• Two separate land parcels near downtown Clovis, a suburb of Fresno, one totaling ±8 acres, the other comprised of ±18 acres. The smaller property has a minimum bid of $125,000. The larger parcel, which is zoned for multi-family residential development, has a minimum bid of $350,000.
• Three adjacent vacant residential land parcels, ranging in size from ±18 acres to ±20 acres, near downtown Yucca Valley, in San Bernardino County. The properties are being sold separately, and have minimum bids between $12,500 and $15,000.

Click here to visit the auction webpage.

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• New Commercial Development Land in San Jose
• New Online Auction for Bank-Owned Development Land in Wisconsin
• Online Auction for 16 Luxury Homes Sites in Reno, NV
• Online Auction for 28 Properties in Western Montana

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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• LFC Expands Program, Invites Brokers to Use Online Auction Platform at No Cost
• Online Auction in Orland Comes to an End
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• Another LFC Property Moved to Online Bidding!
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If you read the coming soon post for our online auction in Orland, California, you already know a little bit about this northern California town and its surrounding area. This online auction for +/-53 Acres is now up and running and you can check it out on our commercial real estate auction website LFC.com.

I am going to make this post short and sweet because we upload every possible piece of information on all of our auctions and make it available for download.

Unlike latest post in a series on our residential real estate blog, this auction is for bank-owned property. What does that mean to interested buyers and investors? This auction’s minimum bid is a jaw-dropping low price of $110,000. Better yet, this property sits along Highway 32, serving as the main artery for Chico traffic commuting to and from the 5 Freeway. With a minimum bid this low, you won’t want to miss out!

The auction for +/- 89 acres of development land in Pixley, California is coming to an end TODAY at 5:00 PMPST.

Pixley is located in the heart of California’s Central Valley in Tulare County. Situated between Visalia and Bakersfield, this Lender-Owned property is in the economic center of the Sequoia Valley region.

Broker participation is offered in all of our auctions and with only hours left in the auction, come see the auction event page to view all of the property photos and auction details at LFC.com.

LFC Auction #1 – Strada Del Vino Lot #1| Temecula, CA

Property Details:

Size: 4.81acres
Location: Temecula, California
Minimum Bid: $149,000

This Online Auction offers serious buyers an incredible opportunity to purchase prime land located in the emerging southern California wine capital of Temecula. The total property, ± 25 acres, is subdivided into 5 separate lots, each fully entitled as a ± 5 acre residential vineyard estate lot, although the land is zoned Citrus Vineyard and lends itself to many other uses. Streets and wet utilities are in, and the dry utility design has been completed and accepted by Edison. The site is partially planted with grapevines which are managed under an agricultural easement by Stuart Cellars.

Detailed property documents including zoning, conditions of approval, easements, geotechnical reports, improvement plans, plot maps, etc. are available under the Document tab above.

Acres: 4.81
Zoning: C/V Citrus Vineyard
APN: 927-480-010

View Full Property Details: California Commercial Land For Sale

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LFC Auction | National Search

Property Details:

Size/Type Various
Location: Nation Wide

The National Auction Property Search provides easy access to real estate properties currently
offered for auction through LFC’s Accelerated Marketing Program (AMP). You can filter your
search results by property type or click on a state.

View Full Property Details: National Commercial Real Estate For Sale

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LFC Auction #773-1 | Salma, CA

Property Details:

Size: 15.79 acres
Location: Salma, California
Minimum Bid: $249,000

This +/- 16 acre parcel of vacant land in charming Selma, CA has an approved Tentative Map for 66 residential lots. The property is located just minutes from the 99 and 43 freeways. Selma is a regional focal point for southeast Fresno County, and is just twenty minutes from bustling Fresno.

Selma is a truly lovely small town, boasting a wide range of educational opportunities and first rate healthcare, along with multiple restaurants, retail shops and a charming downtown neighborhood. Selma has seven city parks, including the famous Pioneer Village, and offers a thriving community center, senior center, and cultural arts center. The town is also within driving distance of three breathtaking national parks: Yosemite, Kings Canyon and Sequoia.

Selma has produced a growth rate of three percent per year since 1998; the town is now home to over 23,000 people. In addition, there are multiple retail and commercial projects in process that will add to the five established shopping centers nearby.

With its proximity to Fresno, Selma residents get the comfort and pleasantry of small town living without sacrificing the versatility of the big city. There is something for everyone in beautiful Selma, California!

View Full Property Details: California Commercial Land For Sale

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LFC Auction #709-3 | Yucaipa, CA

Property Details:

Size: 4.71 acres
Location: Yucaipa, California
Minimum Bid: $240,000

Located just north of County Line Road and east of Interstate 10 in charming Yucaipa, CA, Yucaipa Grove is a 4.71-acre subdivision, comprised of 16 mapped lots for single-family residential development. All improvement plans have been approved and the final map is signed and ready to record.

View Full Property Details: Yucaipa California Residential Subdivision For Sale

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