Real Estate Buyers Flock to Online Auction of Bank-Owned Assets

Savvy commercial real estate buyers looking to take advantage of the down market have come to LFC.com to conduct research and submit bids on various bank-owned assets in a portfolio of ten REO properties. With just over a month remaining before the bid deadline, the auction has already attracted over 4,600 hits to the website and interested buyers from nearly a dozen states.

The minimum bids are set far below current market prices, giving buyers the power to name their own price in a fair and transparent auction process and sending the message that the seller is in fact willing to trade these properties.


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