Bid4Assets to Hold Tax-Defaulted Property Online Auction on Behalf of Riverside County Treasurer-Tax Collector's Office
778 properties will be available in the May 30th online sale
Riverside, California, May 14, 2019 (Newswire.com) - Online auction site Bid4Assets.com will host a sale for 778 tax-defaulted properties beginning May 30th on behalf of the Riverside County Treasurer-Tax Collector’s Office. By taking the auction online, the county is opening up the bidding to a national base of internet buyers, cutting taxpayer costs and expediting the recoupment of past-due revenues. Riverside County has partnered with Bid4Assets since 2003 to host an annual online tax sale.
Online bidding will begin May 30th at 11:00 AM ET (8:00 AM PT) and will close at staggered times from 9:00 AM ET (6:00 AM PT) to 6:00 PM ET (3:00 PM PT). All auctions will have no reserve price, meaning the highest bid at or above the minimum will win the auction. The sale includes a diverse group of properties, such as homes, land and commercial property. Prices also vary widely, as there are over 50 properties starting at $100.00 all the way up to a 7.95-acre commercial property with a minimum bid of $3,288,412.
“We’re honored to serve Riverside County in conducting their public auction for tax-defaulted properties, said Jesse Loomis, CEO of Bid4Assets, “with so much land and homes starting under $10,000, this is a great opportunity for investors and home buyers to purchase property at a discount, while having a positive impact on the local community.”
Bidders must register for a free Bid4Assets account and fund a $2,500 deposit (plus $35 processing fee) before they’re able to participate in this sale and. Deposits are due by May 28th. You can view more details about this auction, including a full list of available properties, at www.bid4assets.com/riverside
Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Md. The privately held company auctions distressed real estate for the federal government, county tax-collectors, financial institutions and real estate funds. Bid4Assets is particularly active with county governments in California, where it has conducted tax-defaulted property sales for the counties of Monterey, Humboldt, Yolo, Napa, Riverside, San Francisco, Imperial, San Diego, Siskiyou, Fresno, Kings, Tulare, Santa Cruz and Los Angeles, to name a few. Since its inception in 1999, the company has sold more than 100,000 properties nationwide and grossed over a billion dollars in sales.
Bid4Assets Marketing Manager
Source: Bid4Assets Inc.
Categories: Real Estate Investments