Homebuyers Hit Internet for Best Deals in Las Vegas

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--LFC Group of Companies, the industry trailblazer in online real estate auctions, is spearheading a 30-day end of year closeout sale of homes in the Las Vegas area on its residential real estate auction website FRE.com^®(www.FRE.com/295R2).

“We don’t waste buyers’ time with all day auctions. Instead, our auction is convenient, transparent and empowers the buyers to set the pace and price.”

In the midst of a sluggish market, LFC is changing the way real estate is bought and sold with its innovative, convenient, and transparent online auction format. LFC offers sellers an accelerated sales program and, rather than wasting homebuyers’ time, crowding them into a cramped convention room for a traditional outcry auction—the trend in Las Vegas auctions so far—the online auction format provides an easily accessible means of buying that also responds to homebuyers’ desires to set their own prices. In a city overwhelmed by foreclosures, this event stands apart from the rest by offering deals on distinctive new homes.

With the click of a mouse, first-time buyers, as well as those looking to upgrade to something newer, can bid on a new home that fits their needs. The homes—located among six communities—give buyers access to the best in suburban Las Vegas living.

The well-planned communities, countless practical amenities, and vast natural landscape, leave no wonder why Las Vegas has been one of the fastest growing metro areas in America since 1990.

Minimum bids start at $99,000, giving buyers the chance to invest in Las Vegas real estate for well under suggested market values.

The gated neighborhood of Highgate, in the master-planned community of Providence, is marked by lush landscapes and beautiful architectural finishes. The spacious homes feature stately interiors and luxurious amenities.

Madera, part of the gated Vista Verde community, affords residents single- and double-story homes that are both stylish and earth friendly. Residents of Highgate and Madera can explore Floyd Lamb State Park or unwind with a game of golf at the nearby Silverstone Golf Club.

San Rafael, located near the builder’s Eldorado master-planned community, features charming two-story homes and a neighborhood park.

Fiesta del Norte features unique and comfortable single-story homes.

With opportunities for outdoor fun in nearby Lee Canyon or Mount Charleston and a variety of entertainment and shopping locations just off the US 95, there are plenty of ways to stay busy. Residents can take day trips to Lake Mead, Hoover Dam, or the Colorado River. Or, for a more ambitious excursion, camping trips and hikes through the Grand Canyon, Death Valley, and the Valley of Fire make for an exciting taste of the natural southwest.

This is no typical auction. “Las Vegas has seen more than its share of unsuccessful outcry auctions this year but nothing like our online auction,” notes William W. Lange, president of the LFC Group of Companies. “We don’t waste buyers’ time with all day auctions. Instead, our auction is convenient, transparent and empowers the buyers to set the pace and price.”

Prospective buyers should register today for more information. To place a bid online, by the bid deadline of November 6, 2008, visit www.FRE.com/295R2.

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. www.FRE.com