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In The News
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| 9/2/2010 |
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Source: Findley Report
Title: Do OREO Auctions Really Work?
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Now more than ever, it is important for financial institutions to consider all potential avenues to help clear their books of other real estate owned (“OREO”) and distressed assets.
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| 8/30/2010 |
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Source: Finance & Commerce
Author: Burl Gilyard
Title: KleinBank going online to auction off real estate
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In today’s market, there’s no shortage of empty commercial property. The building at 2900 Washington Ave. N. in Minneapolis is perhaps unremarkable in that regard.
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| 8/27/2010 |
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Source: Star Tribune
Author: Jennifer Bjorhus
Title: Passel of KleinBank properties on the block
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A local bank hopes a mass online auction of repo'd commercial real estate will get the deadwood off its books.
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| 8/27/2010 |
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Source: Twin Cities Business Magazine
Author: Jake Anderson
Title: KleinBank Selling 80 Properties in Online Auction
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The online auction—which features residential lots, commercial and industrial buildings, offices, and condos—is currently underway, and the deadline for bids is September 30.
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| 7/21/2010 |
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Source: The Missoulian
Author: Keila Szpaller
Title: Cooney among group selling 900 acres through 'largest online land auctio...
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In a sale described as "the largest online land auction in Montana's history," a group of landowners is unloading some 900 acres for at least 70 percent less than previous asking prices, according to LFC Group of Companies.
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Press Releases
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| 9/2/2010 |
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Title: Northwest Bank to Sell Two REO Properties in Online Auction
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Local Oregon bank Northwest Bank has selected Newport Beach, California-based LFC Group of Companies to sell two REO properties in an online auction on the company’s commercial real estate website,...
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| 8/24/2010 |
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Title: KleinBank Ignites Market with Online Auction of 80+ Twin Cities Area Pro...
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KleinBank, Minnesota’s largest family-owned state bank, has chosen the LFC Group of Companies to carry out an online auction of over 80 REO properties, some to be sold in bulk, located in over a do...
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| 7/26/2010 |
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Title: Most Famous Dome in Westfield to be Sold in Online Auction
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One of central Wisconsin’s more unique properties, a ±3,772 square foot dome structure in the Village of Westfield, is now being offered in a bank-ordered online auction on the LFC Group of Compani...
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| 7/22/2010 |
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Title: Last Chance to Purchase Luxury Reno Home Sites as Online Auction Enters...
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With just a week to go in the online auction, buyers are gearing up to make competitive bids in hopes of landing one of the 16 bank-owned luxury custom home sites in the exclusive Reno community of...
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| 7/19/2010 |
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Title: Local Bank to Sell Several Commercial Properties in Online Auction
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Valley Bank of Iowa has selected the LFC Group of Companies, leaders in online real estate auction marketing, to auction five of their REO commercial properties in the Des Moines area.
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Industry News
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| 9/3/2010 |
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Source: National Association of Realtors
Title: Pending Home Sales Rise
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Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors®.
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| 9/1/2010 |
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Source: CoStar Group
Author: Randyl Drummer
Title: CoStar Repeat Sale Indices: Distress Contributing to a 'Shaky Bottom' fo...
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CoStar Index Finds July Decline in Value Among Institutional-Grade Properties, While General CRE Market Shows Improvement
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| 8/31/2010 |
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Source: GlobeSt.com
Author: Erika Morphy
Title: Distress Expected to Plateau at $200B
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Delta Associates will report this week some welcome news for the commercial real estate industry, namely that signs suggest the level of distressed properties will plateau at the $165-billion-to-$2...
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| 8/26/2010 |
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Source: National Association of Realtors
Title: Commercial Real Estate Remains Soft but Favors Business Expansion
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Commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to the National Association of Realtors®.
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| 8/25/2010 |
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Source: Housing Wire
Author: Jason Philyaw
Title: KC Fed Chief: Commercial Real Estate Dragging Down Community Banks
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The president of the Federal Reserve Bank of Kansas City expects commercial real estate to continue to be a drag on bank earnings for "some quarters yet."
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