Successful Online Auction Benefits the ALS Association
LFC Online, a pioneer in online real estate auctions, successfully sells North Las Vegas land for $1,250,000. Proceeds of the sale will be donated to the ALS Association.
Newport Beach, CA (PRWEB) May 3, 2007 -- LFC Marketing Group, Inc., a member of the LFC Group of Companies, an online real estate auction marketing company, recently sold five acres of vacant development land in North Las Vegas. As the court appointed Trustee of the estate of a deceased Orange County, California, resident, the Orange County Public Administrator/Public Guardian decided to sell five acres of residential land via an online auction due to its ability to generate a guaranteed sale and maximize the value of the property.
LFC launched a 45-day marketing campaign that brought thousands of prospective buyers and seven serious bidders to the virtual auction table. Once online bidding began, LFC's patent-pending feature "Last Call" automatically extended the auction deadline until no further bids were received. This auction's "Last Call" continued for seven days until the final bid of $1,250,000 was placed. www.LFC.com/66801R2
"It certainly surpassed our expectations," states Bruce Peotter, Assistant Public Administrator/Public Guardian for the County of Orange. "We knew that LFC was an auction marketing specialist, but their auction technology delivered so much more value to the auction."
"We've combined our specialized marketing with cutting edge auction technology to deliver a program that brings the highest number of prospective buyers to our online auctions. The program's competitive format also achieves the highest possible value for our clients' properties," states Bill Lange, president, LFC Group of Companies.
In accordance with the instructions of the deceased landowner's Trust, proceeds from the property auction will be donated to the ALS Association, the only not-for-profit voluntary health agency dedicated solely to the fight against ALS, commonly known as Lou Gehrig's disease.
LFC Online -- part of the LFC Group of Companies For over 30 years, the LFC Group of Companies has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $3 billion.
Visit www.LFC.com to view our current online real estate auctions, including Adelphia Communications Corporation Bankruptcy Land Auction -- over 70 properties in 17 states.
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