Residential Real Estate Auctions

In a year when many traditional real estate companies struggled to survive, the LFC Group of Companies grew stronger, relying on their agility and versatility to launch several new programs and proving that their robust online auction platform can sell anything and everything, from high-end residential estates, to retail/office condos, to industrial/commercial properties, to vacant land, to former ski resorts.

LFC began 2009 with the auspicious launch of its revolutionary mortgage note auction website, BigBidder.com. Utilizing the same proven auction platform and technology behind the company’s residential and commercial real estate websites (FRE.com and LFC.com, respectively), BigBidder.com became the first website ever to auction individual mortgage notes, opening up the historically exclusive secondary market for notes to investors of all types. While several note auction websites have emerged in recent months, none can match BigBidder.com’s transparency, simplicity and diverse inventory.

In addition to BigBidder.com, LFC launched several new auction programs designed to help sellers and lenders in today’s turbulent market. On FRE.com, the Must Sell^® program was unveiled to help high-end homeowners and brokers achieve successful quick sales at maximum value. Must Sell^® came at a crucial time, just as the tidal wave of mortgage defaults began to hit luxury homeowners, and has since expanded to include assisting mortgage servicers with pre-foreclosure sales of high-end homes.

Our Director of Sales, Shawn Miller, said, “We’re constantly developing innovative new programs that allow us to adapt and grow in even the most adverse of market conditions. We saw where the market was going, where the next foreclosure crisis was coming from, and with the Must Sell® program, we were able to get ahead of the wave.”

LFC also launched their Never Lose a Listing^® program for commercial real estate brokers who are struggling to gain traction on their listings in today’s oversaturated market. With Never Lose a Listing^®, LFC has invited brokers and agents to utilize the company’s proven online auction platform to bring broad exposure to their properties. The program marks a new era of collaboration and partnerships between LFC and the brokerage community, including such national companies as CB Richard Ellis and Grubb & Ellis.

Throughout the years, LFC has proved time and again that the company can excel in good times and bad. “We will never rest when it comes to innovation,” said LFC’s Chairman William Lange. “We pride ourselves on our ability to adapt to the ever-changing real estate landscape. We’ve emerged from 2009 stronger and more versatile than ever before, and we look forward to another exciting and successful year in 2010.”

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About this author: James Gerber is the Public Relations Specialist for the LFC Group of Companies. He hails from New York, New York and also coauthors on CommercialAuctionListings.com and RealEstateNoteAuctions.com