Florida Grand Estate Homes Hit the "Virtual" Auction Block on FRE.com

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The LFC Group of Companies has just launched an online auction of eight grand estate homes on their residential auction website, Freedom Realty Exchange (http://www.FRE.com/206R2). Located in Fernandina Beach, Florida, near charming Amelia Island, these gorgeous homes are the perfect choice for those looking for a vacation or retirement home on the Florida coast. Best of all, interested homebueyrs can bid on these homes from the comfort and privacy of their own computer!

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FRE.com's auction format gives buyers convenience and transparency by allowing them to place bids and view the bidding activity online. Unlike ballroom auctions, our buyers can actually see that the bids are coming in from other interested buyers. This transparency not only empowers buyers, but it gives them reassurance that they are getting a fair deal.

The current housing slump has hit Florida especially hard, resulting in dozens of "ballroom" foreclosure auctions across the state. But there is a silver lining: buyers can find a great deal on brand-new, estate homes, without wasting time at yet another auction in a chaotic hotel ballroom or convention center.

The LFC Group of Companies, the nation's premier online real estate auction marketing firm, has recently launched an online auction of eight gorgeous grand estate homes at Amelia RiverWalk, on their website, Freedom Realty Exchange (http://www.FRE.com/206R2).

Shaded by majestic canopies of tall oak trees, Amelia RiverWalk is a private gated community located in Fernandina Beach, Florida, just 30 miles outside of downtown Jacksonville and across from charming Amelia Island, named the "5th Best Island in America" by Conde Nast Traveler in 2004. An untouched paradise, Fernandina Beach offers recreational activities like kayaking, horseback riding, sunbathing, fishing and sailing, among miles of pristine waterways and beaches. For golf enthusiasts, Amelia Island offers three championship courses designed by Tom Fazio, Bobby Weed and Pete Dye, plus the newly opened 18-hole Royal Amelia, crafted by Tom Jackson. Immersed in southern charm and history, Fernandina Beach was recently named one of the "top 12 travel destinations in the U.S." by the National Trust for Historic Preservation.

These luxurious grand estate homes feature 4 to 5 bedrooms and 3 to 4.5 bathrooms, and range from approximately 3,000 sq. ft. to 4,300 sq. ft. The homes include attractive features like covered front and rear patios, hardwood and ceramic tile floors, solid-surface countertops, an energy efficient central air conditioning and heating system, recessed lighting and walk-in closets. Though originally priced at an average of over $500,000, these homes will be offered on FRE.com with minimum bids as low as $223,000. Also included in the online home auction is the exquisite fully-furnished St. Augustine model. Previously priced at $1,000,000, this 4,334 sq. ft. home has a minimum bid of only $1!

"Homebuyers everywhere are looking for a deal, but not the hassle that comes with a live 'outcry' auction," says Bill Lange, president of the LFC Group of Companies. "FRE.com's auction format gives buyers convenience and transparency by allowing them to place bids and view the bidding activity online. Unlike ballroom auctions, our buyers can actually see that the bids are coming in from other interested buyers. This transparency not only empowers buyers, but it gives them reassurance that they are getting a fair deal."

If you've been looking to purchase a vacation or retirement home in Florida, this is the opportunity you've been waiting for. The bid deadline is Thursday, May 1, 2008. For more information and to register to participate in the online auction, go to http://www.FRE.com/206R2.

Freedom Realty Exchange - part of the LFC Group of Companies

For more than 30 years, the LFC Group of Companies have served numerous Fortunate 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 $5 billion. http://www.FRE.com

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