Online Auction of Homesites at Lake Havasu Promises Results in Midst of Recent Real Estate Slump

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With online auction of eighteen ready-to-build homesites in Lake Havasu, online real estate auction company, LFC Group of Companies, presents an innovative way to buy and sell residential lots in a slow economy.

The attraction of Lake Havasu to visitors from all over makes this online auction the best way for buyers to own a piece of 'The River.'

LFC Group of Companies, a leading real estate auction company has launched an auction campaign to sell eighteen ready-to-build lots in The Refuge, a gated community located a half mile north of Lake Havasu City, Arizona, on its residential auction website, Freedom Realty Exchange® (FRE.com®). With just under two months left to bid before the deadline of October 30, 2008, buyers still have plenty of time to visit http://www.FRE.com/277R2 and register to begin bidding.

The Refuge at Lake Havasu is surrounded by the natural calm of the American southwest, making it an ideal location for building your own private retreat. Ranging in size from +/-7,700 square feet to well over 13,000 square feet, the ready-to-build homesites in the gated, master-planned golf community are situated adjacent to the protected National Wildlife Refuge and along the shores of the Colorado River and Lake Havasu. Several lots have lake views, while others have views of the Arnold Palmer Signature Golf Course.

The lots, with suggested values of up to $300,000, have minimum bids ranging from $40,000 to $138,000. The convenience of the online auction format means that buyers from everywhere have a chance to bid. Adding to the ease of purchase, the seller has secured special financing for these homesites, something difficult for buyers to find these days.

"This is a unique community. There aren't many places that offer golfing, boating, swimming, and hiking all right there in your backyard.," says Bill Lange, president of the LFC Group of Companies. "The attraction of Lake Havasu to visitors from all over makes this online auction the best way for buyers to own a piece of 'The River.'"
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With more than 300 days of sunshine every year, Lake Havasu is the ideal location for taking advantage of countless outdoor activities like jet skiing, camping, and fishing. Residents of The Refuge have access to incredible community amenities, including the elegant restaurant and bar at the Arnold Palmer Signature Golf Club. Spectacular views of the southwest scenery leave no wonder why visitors flock to Lake Havasu each year from places like Chicago, San Diego, Seattle, and even Canada.

Lake Havasu City, famously the site of the London Bridge, boasts a growing population, while maintaining a small-town charm. The Refuge is conveniently located only minutes away from local schools, shopping, and first class dining and entertainment. Situated perfectly for weekend excursions, Lake Havasu is only an hour trip to Laughlin and a three hour drive to the Las Vegas Strip.

Potential buyers should act quickly and visit http://www.FRE.com/277R2 for specific property documents, more photos and auction information. The initial bid deposit for a piece of southwest bliss is only $2,000 and the bid deadline is October 30, 2008.

Freedom Realty Exchange - part of the LFC Group of Companies
For more than 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 $5 billion. http://www.FRE.com

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Andrea Ryken
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