Large NorCal Community Bank Launches Online Auction to Sell REO Properties

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Newport Beach, CA – July 18, 2011 – (RealEstateRama) — North Valley Bank has launched an online auction featuring a portfolio of OREO assets on the Freedom Realty Exchange, a leading online real estate auction platform. Operated and managed by the auction marketing professionals at the LFC Group of Companies, the online auction presents builders, developers and real estate investors with an incredible opportunity to conveniently purchase REO property through a transparent, fair and open bidding platform. The properties, which include residential land parcels, finished lots and retail/office condos, located in various parts of northern California, have a combined suggested value of nearly $13 million.

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Kelly Lovegrove is the Director of Marketing at LFC Communications, Inc., a member of the LFC Group of Companies.
For more than 30 years, the LFC Group of Companies has successfully auction marketed thousands of commercial, industrial, land and residential properties, with sales in excess of $5 billion; and for the last seven years, we have conducted real estate auctions exclusively online.  We have successfully served numerous Fortune 500 companies, real estate developers, investors, financial institutions, government agencies and real estate brokerages, providing a complete suite of real estate disposition strategies and auction marketing programs for commercial and residential property and mortgage notes. 

Contact:

LFC Group of Companies
17 Corporate Plaza Drive
Newport Beach, CA 92660

Kelly Lovegrove
Phone: 949.706.6113

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