FRE.com in the News

2/1/2010 Orange County Register
Strand home minimum bid: $6.5 million less
A multimillion luxury home on Dana Point’s Strand at Headlands is now accepting bids in an online auction.

1/29/2010 OC Metro
Mega-luxury home at The Strand goes up for sale
Online bidding for a multimillion-dollar oceanfront estate for sale in the mega-luxury community of The Strand at Headlands in Dana Point ends March 11. The opening price started at $7.5 million.

10/27/2009 CBSNews.com
LFC’s Reputation Grows with Successful Sale of Wisconsin Land
Last spring, the LFC Group of Companies, the industry leaders in online auction marketing of commercial and residential real estate, made headlines across the commercial real estate community by successfully orchestrating the U.S. Bankruptcy Court-ordered sale of 120 acres of vacant land in Hallie, Wisconsin. Partnering with the local commercial real estate brokerage Grubb & Ellis | Pfefferle, LFC proved that their unique online auction model and marketing strategy succeeds in even the most stagnant of markets.

10/26/2009 GlobeSt.com
Question Marks Still Remain for PPIP
WASHINGTON, DC-With five of the selected nine asset managers for the Treasury Departments Public Private Investment Program now fully funded with their debt and equity capital commitments, there is some $12.27 billion in purchasing power aimed at the so-called legacy – or to be more precise, toxic – assets still clogging the real estate markets. In short, the program is close to execution as the asset managers now begin what they were ultimately chosen to do: seek out and purchase toxic debt.

10/14/2009 Reuters
LFC Chairman Discusses Online Auctions at London School of Economics
In late September, LFC Group of Companies Chairman William Lange was honored to address the prestigious London School of Economics, where he spoke to over 300 students, real estate executives and professional auctioneers about the advantages of the online auction model over traditional outcry auctions for the marketing and sale of residential and commercial real estate.

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Industry News

2/8/2010 Wall Street Journal
Builders Start to Look Up
Beazer, D.R. Horton See a Drop in Cancellation Rates

2/5/2010 Housing Wire
Home Values Likely Reaching Bottom: PMI
The risk of home prices dropping even lower in the next two years is stabilizing in most Metropolitan Statistical Areas (MSAs), according to the PMI Mortgage Insurance Risk Index.

2/3/2010 New York Times
No Help in Sight, More Homeowners Walk Away
In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040.

2/2/2010 Washington Post
Rising FHA default rate foreshadows a crush of foreclosures
The share of borrowers who are falling seriously behind on loans backed by the Federal Housing Administration jumped by more than a third in the past year, foreshadowing a crush of foreclosures that could further buffet an agency vital to the housing market's recovery.

1/29/2010 Real Estate Channel
New Wave of Home Foreclosures Hits the Nation
It's going to be another dismal year in the home foreclosures category, according to new data released today by Irvine, CA-based RealtyTrac.

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Press Releases

1/28/2010 LFC Internet Marketing
Developer of Oceanfront Estate in The Strand Turns to Online Auction to Deliver a Buyer
NEWPORT BEACH, Calif.- The LFC Group of Companies, the industry leaders in the online auction marketing of real estate, is proud announce their latest auction campaign on the company’s residential auction website FRE.com: a luxurious oceanfront estate in Dana Point’s The Strand at Headlands, southern California’s last and most exclusive beachfront community.

12/18/2009 
LFC, Coldwell Banker Team Up to Offer Online Auction of Newport Beach Waterfront Condos
NEWPORT BEACH, Calif.- The LFC Group of Companies, the industry leaders in the online auction marketing of real estate, is proud to join Coldwell Banker Previews in announcing the latest campaign in LFC’s pioneering Must Sell® program for high-end properties: two waterfront condominiums situated right on the harbor in Newport Beach, California. Featured on the company’s residential auction website FRE.com, the two units at Vista del Lido Condominiums, located right off Lido Park Drive in the heart of Newport Beach, offer spectacular views of Newport Harbor.

7/27/2009 LFC Press Release
Online Auction Grabs Hollywood Spotlight
Brand new townhomes bring buyers the bargain they have been waiting for

7/7/2009 LFC Press Release
Online Auction Hits the Red Carpet with Hollywood Dell Townhomes
FRE.com pushes conventional real estate marketing aside with online auction of brand new townhomes

4/1/2009 
Magnificent 14,000 sq. ft. Estate in Colorado’s Prestigious Cherry Hills Village to be offered in Landmark Online Auction
Mansion in Cherry Hills Village, CO. and other high end properties on FRE.com

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Visit Our Other Online Auction Sites

LFC.com For Commercial & Land Auctions
The online auction website for the global marketing of commercial and industrial real estate, and vacant land. The power of the Internet brings buyers and sellers together in a transparent, fair, and convenient auction platform.
BigBidder.com For Note Auctions
The first and only website of its kind — an auction marketplace for the buying and selling of Notes. Whether it is the buying or selling of Pools of Notes or individual Notes, buyers and sellers finally have access to a transparent and fair commerce platform.