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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Our LFC auction in Reno, Nevada is picking up steam, and the seller has decided to move 5 of the 7 properties into our open online bidding format. The Bid Deadline also extended into Wednesday, December 16th, at 5:00 PM PST as the auction continues .

Generally, auctions open in a Sealed Bid format. much like what one would find at a silent auction. Then, as market demand increases, the seller has the option to move the auction into the open bid format, allowing everyone to view the bid history and current high bids. Here are some properties that were recently moved to open bidding on our commercial real estate auction site, LFC.com:

-Online Bidding Status-

Current High Bid: LFC # 805-1: $159,000 (click here to view details)
Current High Bid: LFC # 805-2: $165,000 (click here to view details)
Current High Bid: LFC # 805-3: $187,500 (click here to view details)
Current High Bid: LFC # 805-4: $161,600 (click here to view details)
Current High Bid: LFC # 805-6: $102,500 (click here to view details)

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

This extension of the Bid Deadline allows interested bidders a final opportunity to place offers on homesites within the luxury community of Caughlin Ranch.

Two properties have been moved from Sealed Bidding into an Online Bidding format, similar to what one might find at eBay.com. Now the highest bids are visible to the public on the auction event web page.

Go to LFC.com to check out which of these properties will sell in this online real estate auction.

The online auction for luxury homesites in the Whispering Pines neighborhood of Reno, Nevada’s Caughlin Ranch has been extended until Monday, 12/7/2009 @ 5:00 PM PST.

As multiple bidders fiercely competed for this property, the seller chose to invoke LAST CALL®, our patent-pending process that extends the bid deadline until no more bids are received, giving everyone a fair chance to submit new bids before the auction ends.

The new bid deadlines for the six luxury homesites and development land have been set for Monday evening. Head over to LFC.comtoday to check out the exciting conclusion to these auctions.

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

Whispering Pines, Reno, Nevada

Nevada Residential Development Land for Sale

LFC has the pleasure of auctioning the Whispering Pines Neighborhood of Caughlin Ranch, Reno’s finest and most renowned master-planned community.

At Whispering Pines, homeowners get the best of both worlds: a quiet suburban community just a short drive away from bustling Reno.

Whispering Pines sits within the Caughlin Ranch Masterplan which encompasses 2,300 acres stretching from the foothills of the Sierra Nevada mountains to the Truckee River, and is known for its stunning natural beauty, enhanced by scenic rolling hills and picturesque ponds. Nearby Caughlin Ranch Shopping Center features retail shops of every variety.

With the bid deadline only 14 days away on December 3, these properties will go fast. Feel free to visit the auction event page and download any or all of the property documentation available at www.LFC.com/805L1.

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com