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King County Real Estate Services to Conduct Additional Online Tax Title Real Estate Auction on Bid4Assets.com

Over $1.3 million raised in May sale, minimum bids slashed on some remaining properties

6/19/2018

The King County Real Estate Services Section is hosting an online tax title re-offer through online auction website Bid4Assets.com. Bid4Assets previously hosted a successful sale for the county at the end of May which raised $1,310,801 for essential county services and returned 45 properties to the tax rolls. By holding their sales online, King County is exposing distressed properties to a wider range of buyers.

“The goal of these sales is to return as many properties to the tax rolls as possible,” said Jim Loveless, Supervisor of the King County Real Estate Services Section, “We had great success using Bid4Assets’ platform in May. The parcels that are left have a better chance at getting bids online than they do in the local market.”

Bidding in the initial sale took place from May 28th to May 30th. Of the 63 properties that were listed, 41 were sold via the online auction and 4 were withdrawn by King County. Winning bids ranged from $2,000 to $109,500. Twenty remaining properties will be available in the re-offer. Many of the minimum bids have been reduced and all properties will have no reserve meaning the highest bid at or above the minimum will win the auction.   Several minimum bids have been reduced as low as $500.

“It is great to see continually strong sales results for King County,” said Jesse Loomis, CEO of Bid4Assets. “The May auction had 96 participants, primarily in WA, OR & CA, but also from Texas, Florida, Arizona and Missouri. This was a perfect example of what Bid4Assets does; we cut costs, simplified the process and brought a nationwide audience to the county’s local sale. We are confident their re-offer will be similarly successful.

Re-offer auctions will open July 9th at 11:00 AM ET and close at staggered times between 1:00 PM ET and 1:30 PM ET on July 10th. Bidders must submit a $1,535 deposit before they are able to participate in the sale. Deposits are due by July 3rd. A Bid4Assets account is also required to participate. Registration is free.



King County Real Estate Services to Conduct First Ever Online Public Auction

Auctions will open May 28th with minimum bids starting as low as $2,000.00

5/02/2018

King County’s Real Estate Services Section is hosting its’ first ever online tax title auction through auction website Bid4Assets.  By moving online, the county is exposing the properties to a wider range of buyers with the goal of returning more distressed properties to the tax rolls.  The King County Treasurer’s Office has hosted its’ tax sale on Bid4Assets annually since 2015.

“We’re excited to partner with Bid4Assets to promote these properties to a wider audience,” says Jim Loveless, Supervisor of the King County Real Estate Services Section. “The Real Estate Services Office is focused on returning county-owned real property to productive use. The Treasurer’s office has had great results with Bid4Assets in the past and we see their online platform and extensive buyer base as the best way to meet our goals for King County.”

There are 62 properties available in the sale. All properties will have no reserve, meaning the highest bid at or above the minimum will win the property.

“We’re honored to continue serving King County and we’re thrilled to work with Real Estate Services to bring the county’s tax title properties back to productive use,” says Jesse Loomis, CEO of Bid4Assets, Inc.  “Bid4Assets has built up a database of hundreds of thousands of registered investors, developers and other real estate buyers.  These investors absorb excess inventory and ensure more properties return to the tax rolls than is possible in a local sale. Online sales cut costs, raise funds for essential county services and return more properties to productive use for the county.”

The auctions will open May 28th at 11:00 AM ET and close at staggered times between 1:00 PM and 3:00 PM on May 30th. Bidders must submit a $1,535 deposit before they are able to participate in the sale. Deposits are due by May 23rd


King County Real Estate Services to Conduct First Ever Online Public Auction

Auctions will open May 28th with minimum bids starting as low as $2,000.00

5/02/2018

King County’s Real Estate Services Section is hosting its’ first ever online tax title auction through auction website Bid4Assets.  By moving online, the county is exposing the properties to a wider range of buyers with the goal of returning more distressed properties to the tax rolls.  The King County Treasurer’s Office has hosted its’ tax sale on Bid4Assets annually since 2015.

“We’re excited to partner with Bid4Assets to promote these properties to a wider audience,” says Jim Loveless, Supervisor of the King County Real Estate Services Section. “The Real Estate Services Office is focused on returning county-owned real property to productive use. The Treasurer’s office has had great results with Bid4Assets in the past and we see their online platform and extensive buyer base as the best way to meet our goals for King County.”

There are 62 properties available in the sale. All properties will have no reserve, meaning the highest bid at or above the minimum will win the property.

“We’re honored to continue serving King County and we’re thrilled to work with Real Estate Services to bring the county’s tax title properties back to productive use,” says Jesse Loomis, CEO of Bid4Assets, Inc.  “Bid4Assets has built up a database of hundreds of thousands of registered investors, developers and other real estate buyers.  These investors absorb excess inventory and ensure more properties return to the tax rolls than is possible in a local sale. Online sales cut costs, raise funds for essential county services and return more properties to productive use for the county.”

The auctions will open May 28th at 11:00 AM ET and close at staggered times between 1:00 PM and 3:00 PM on May 30th. Bidders must submit a $1,535 deposit before they are able to participate in the sale. Deposits are due by May 23rd


Mason County's First Online Tax Sale a Success

Nearly every property brought to auction was sold or redeemed in February 26th sale

3/05/2018

The Treasurer’s Office of Mason County hosted its’ first online auction for tax-defaulted properties via Bid4Assets.com. By moving online, the county returned nearly every property brought to auction to the tax rolls and generated over $115,000 in revenue for essential county services.  Bids totaled just over $428,000. Excess proceeds are available to the property owner of record upon application to the Treasurer’s Office.

“We’re thrilled with our results utilizing Bid4Assets’ platform,” said Elisabeth Frazier, Mason County Treasurer, “These auctions are usually very resource-intensive on our staff and require significant time to prepare. With Bid4Assets, the process was streamlined and simplified. We now see Bid4Assets’ online platform as the ideal way to achieve a smooth and successful sale.”

Of the 41 properties listed, 16 were redeemed by their owners, 22 were sold via the online auction and 3 received no bids and are noted as sold to Mason County. Bidding took place from February 26th to February 27th on Bid4Assets.com. Winning bids ranged from $3,069 to $57,400.

“It is great to see strong results for Mason County, especially in their first online tax sale,” said Jesse Loomis, CEO of Bid4Assets. “The auction had nearly 40 participants from multiple states and even an international bidder from Canada. This was a perfect example of what Bid4Assets does; we cut costs, simplified the process and brought a nationwide audience to a county’s local tax-defaulted property auction”.

Bid4Assets was founded in 1999 and has sold tax-defaulted property for over 75 counties nationwide, more than any other online auction company.


Napa County Awards Tax Sale Online Auction Contract to Bid4Assets

Bid4Assets Awarded Contract to Host Napa County's Tax Defaulted Property Sales Online

2/27/2018

The Napa County Treasurer-Tax Collector’s office has selected Bid4Assets to host its’ tax-defaulted property auctions, continuing a long-standing relationship with the online auction site. By holding the sales online, the county exposes tax-defaulted properties to a vast pool of buyers, returning a larger amount to the tax rolls and raising funds to support essential county services.

“We’ve had successful sales with Bid4Assets in the past and we are happy to continue working with them,” says Tamie Frasier, Napa County Treasurer-Tax Collector. “The goal of any tax sale is to put delinquent properties back into productive use for Napa County. Thanks to the efficiency of Bid4Assets’ platform and their auction buyers, we are able to achieve this while cutting costs from the sale itself.”

The Treasurer-Tax Collector’s office typically hosts a tax sale via Bid4Assets.com in the Spring. The new contract will remain active through June 2020. It was awarded as a result of an RFP, which selected an ideal vendor based on factors like capabilities, experience, and price.

“We’re honored to continue helping Napa County produce successful tax sales,” says Jesse Loomis, CEO of Bid4Assets.  “The ideal outcome of a tax sale is for property owners to pay their taxes.  When that doesn't happen, abandoned properties are auctioned to our nationwide database of investors, developers and other real estate buyers.  An online auction is a transparent and level playing field that gives buyers an opportunity to bid on property in one of California’s most desirable counties.”

Bid4Assets has sold tax-defaulted property for over 75 counties nationwide, more than any other online auction company.


Mason County to Hold First-Ever Online Auction for Tax Defaulted Properties via Bid4Assets.com

Online Auction Scheduled for February 26th

2/15/2018

For the first time ever, The Treasurer’s Office of Mason County will hold an online auction for tax-defaulted properties via Bid4Assets.com. By moving online, the county is exposing this sale to a wider range of buyers, in order to return more distressed properties to the tax rolls. Funds generated from the sale support essential county services, which can face shortfalls when taxes go unpaid.

“Transitioning our tax sale online is a natural step for Mason County,” said Elizabeth Frazier, Mason County Treasurer, “The reality is some of our tax-defaulted properties cannot sell at live auction. Exposing those properties to national buyers online gives the county a significantly better chance of returning them to productive use, while streamlining the tax sale process. Other counties have found success with Bid4Assets, so their platform seems like the ideal way to achieve this.”

Bidding opens online on February 26th at 8 AM PT with over 41 parcels available. Auctions will close at staggering times on February 27th beginning at 10 AM PT.

“We’re excited that Mason County has made the decision to take their tax foreclosure process online,” said Jesse Loomis, CEO of Bid4Assets.  “Our platform brings a tremendous number of bidders from across the country to a group of properties that were previously only available to local bidders at a live auction.  Online sales are cheaper and easier, return more properties to the tax rolls, and generally bring higher prices.”

Bidders must register a free Bid4Assets account and fund a $1,035 deposit before they’re able to participate in the sale and deposits are due by February 20th



Lewis County's First Online Tax Sale a Sucess

Nearly every property brought to auction was sold or redeemed in January 25th sale

2/06/2018

The Treasurer’s Office of Lewis County hosted its’ first online auction for tax-defaulted properties via Bid4Assets.com. By moving online, the county returned nearly every property brought to auction to the tax rolls and generated over $367,000 in revenue for essential county services.

“We’re pleased with our experience utilizing Bid4Assets’ platform,” said Arny Davis, Lewis County Treasurer, “These auctions are usually very resource-intensive on our staff, which takes them away from serving our constituents.  Bid4Assets took care of the sales process and wired us the funds.  It freed up our staff, cut the costs of conducting a sale, and produced excellent results!”

Of the 44 properties listed, 23 were redeemed by their owners and 15 were sold via the online auction. Bidding took place from January 25th to January 26th on Bid4Assets.com.  Winning bids ranged from $1,049 for 0.1 acre in Mossyrock to $98,601 for a house on 8.53 acres in Randle.

“We’re happy to see strong results for Lewis County, especially in their first online tax sale,” said Jesse Loomis, CEO of Bid4Assets. “The auction had 70 participants from 8 states, including Texas, North Carolina and Arizona.  This was a perfect example of what Bid4Assets does; we cut costs, simplified the process and brought a nationwide audience to a county’s local tax-defaulted property auction”.

Bid4Assets was founded in 1999 and has sold tax-defaulted property for over 75 counties nationwide, more than any other online auction company.


3 Ways to Utilize Your Land

2/01/2018

So the auction is over, the settlement is complete and you finally have that perfect piece of vacant land. Now the question is what should you do with it? Many people who buy land on Bid4Assets report having bought it for a fraction of market price.  Buying land at a discount at auction leaves you more capital to develop or otherwise improve the land for profit.

A new piece of vacant land is a blank canvas, often with many unique possibilities. Some investors want to resell their property (either on Bid4Assets or through an agent) for a profit.  Others may plan to build their dream home or a rental property. Regardless of what your plan is, the most important thing is to have one. With that in mind, here are just a few ways you might put your land to good use.

DEVELOPMENT

The #1 reason people invest in land is for development. Whether you want to create a dream home for your family or develop something you can sell for maximum profit, don’t let your investment sit unutilized.  Your local chamber of commerce may be able to help you find local real estate developers and home builders.

PARKING

If you’ve bought vacant land located within walking distance of a major attraction, such as a sporting arena, a theatre, or a popular downtown area then you control a space where people frequently need parking. Check with the county planning office to see if parking (be it event parking or ongoing) is an acceptable usage for the property.  Land can be easier to rent than homes and commercial buildings as it requires the most basic amount of maintenance.

RENT

When possible, renting land is a great way to produce income while your property appreciates. Properties can be rented to campers, for parking, or for an assortment of commercial uses.  It’s important to check with the county to make sure any land usage confirms with the zonings and that you have any necessary permits.

No matter what you ultimately choose to do with your land, the most important thing is to do your due diligence and have a clear plan.  We love to hear from our auction buyers, if you have a great land success story, please email us at [email protected] and tell us about it!


Riverside County Awards Tax Sale Contract to Bid4Assets

Bid4Assets Awarded 5-Year Contract to Host Riverside County Tax Defaulted Property Sale Online

1/21/2018

The Riverside County Treasurer-Tax Collector’s office has selected Bid4Assets to host its’ tax-defaulted property auctions, continuing a relationship it has maintained for over 12 years. By holding the tax sales online, the county exposes distressed properties to a vast pool of buyers, returning a larger amount of properties to the tax rolls and raising funds for essential county services.

The Treasurer-Tax Collector’s office will typically host a tax sale for parcels on Bid4Assets in the Spring. This is often followed by a timeshare sale later in the year.  The new contract will remain active through December 2022.  It was awarded as a result of an RFP, that selected an ideal vendor based on capabilities, experience, and price.

 “We’re honored to continue serving Riverside County,” says Jesse Loomis, CEO of Bid4Assets.  “Bid4Assets has built up a database of hundreds of thousands of registered investors, developers and other real estate buyers, many of whom are interested in investing in property outside their own market. Severely tax-delinquent property is a burden to local communities and we strive to use our platform to recoup these shortfalls for tax collectors.”

Bid4Assets has sold tax-defaulted property for over 75 counties nationwide, more than any other online auction company.



Unique Opportunity for Tax-Defaulted in Mendocino via Online Auction Site Bid4Assets

Sale will open January 26th with a minimum bid starting at $378,000

1/10/2018

The Mendocino County Treasurer-Tax Collector is hosting its’ first online tax sale of 2018 through auction website Bid4Assets. By bringing the sale online, the county is exposing a large parcel of land to a wider range of buyers. The funds generated from the sale will help support the county as it recovers from the North Bay Fires.

“We’re happy to partner with Bid4Assets to promote this parcel to a wider audience and return it to the tax rolls,” says Shari Schapmire, Mendocino County Treasurer-Tax Collector. “The goal for this and any tax default sale is to generate much needed revenue for the county. Considering recent events, the funds collected from a sale like this are more important than ever.”

The auction features a 30.68-acre parcel of land in Branscomb with no reserve, meaning the highest bid at or above the $378,000 minimum will win the property. County officials hope to see the land put to farming or development use. Mendocino County will host a larger sale with Bid4Assets, featuring additional tax-defaulted property later in the year.

“We’re honored to serve Mendocino County, particularly during a time when generating new revenue is so crucial,” says Jesse Loomis, CEO of Bid4Assets.  “Bid4Assets has built up a database of hundreds of thousands of registered investors, developers and other real estate buyers.  These buyers bring new capital into communities and bring interest to properties that might otherwise struggle in the local market. We hope to use our platform to assist as many counties as possible in recovering additional relief.”

Bid4Assets has sold tax-defaulted property for over 75 counties nationwide, more than any other online auction company.

The auction will open January 26th at 11:00 AM ET and close at 1:00 PM on January 29th. Bidders must submit a $25,000 deposit before they are able to participate in the sale. Read the full story here.

Lewis County to Hold First-Ever Online Auction for Tax-Defaulted Properties via Bid4Assets.com

Online Auction Scheduled for January 25th

1/03/2018

For the first time ever, The Treasurer’s Office of Lewis County will hold an online auction for tax-defaulted properties via Bid4Assets.com. By moving online, the county is exposing this sale to a wider range of buyers, in order to return more distressed properties to the tax rolls. Funds generated from the sale support essential county services, which can face shortfalls when taxes go unpaid.

“Transitioning our tax sale process online is a natural step for Lewis County,” said Arny Davis, Lewis County Treasurer, “The reality is some of our tax-defaulted properties cannot sell at live auction. Exposing those properties to national buyers online gives the county a significantly better chance of returning them to productive use. Other counties have found success with Bid4Assets, so their platform seems like the ideal way to achieve this.”

Bidding opens online on January 25th at 8 AM PT with over 25 parcels available. Auctions will close at staggering times on January 26th beginning at 10 AM PT.

“We’re excited that Lewis County has made the decision to take their tax foreclosure process online,” said Jesse Loomis, CEO of Bid4Assets.  “Our platform brings a tremendous number of bidders from across the country to a group of properties that were previously only available to local bidders at a live auction.  Online sales are cheaper and easier, return more properties to the tax rolls, and generally bring higher prices.”

Bidders must register a free Bid4Assets account and fund a $535 deposit before they’re able to participate in the sale and deposits are due by January 19th. Read the full story here.



City of Danville Conducts First Online Tax Defaulted Property Auction Through Bid4Assets with 100% Sale Success

All 43 properties in the online auction sold to Bid4Assets subscribers

9/04/2017

The City of Danville hosted its’ first ever online tax sale through auction website Bid4Assets. By moving online, the city exposed the sale to national buyers and successfully sold every property. Many of these properties had been brought to auction by city the several times in the past and failed to sell in the local market. The funds generated support essential city services, which can face shortfalls when taxes go unpaid.

“We’re obviously thrilled with the results partnering with Bid4Assets has brought us,” says John Rife, Special Commissioner of the City of Danville and a Partner at the law firm TACS (Taxing Authority Consulting Services). “The City of Danville has tasked TACS with selling a group of properties that have not sold at the local live auction, in some cases after multiple attempts. Bringing the sale online to Bid4Assets exposed these properties to a gigantic national buyer base and generated interest where it just didn’t exist locally. This was a total success.”

The online sale attracted national buyers from New Jersey, Arizona, Texas, Washington, Maryland, North Carolina and Georgia as well as local buyers in Virginia. Minimum bids began at $100 for all properties and sales totaled over $10,000 for the city. 43 properties were included in the sale and all 43 were returned to the tax rolls.

Buyers included an investor from Arizona who specializes in returning tax-defaulted properties to revenue producing status and a Washington state real estate fund that has purchased over 200 properties through Bid4Assets hosted tax sales.

“We’re honored to serve the City of Danville and we’re happy to see our online process bring their tax-defaulted property sale such a great result” says Jesse Loomis, CEO of Bid4Assets.  “Bid4Assets has built up a database of nearly 700,000 registered investors, developers and other motivated real estate buyers.  These buyers absorb excess inventory that isn’t selling in the local market and they bring new capital into these communities.  This was one of Virginia’s first online-only tax-defaulted property auctions and we’re looking forward to bringing this level of success to more jurisdictions.”

Bid4Assets has sold tax-defaulted property for over 75 counties nationwide, more than any other online auction company.


City of Danville to Conduct First Ever Online Tax-Defaulted Property Auciton Through Bid4Assets

Sale will open Auction 18th with all minimum bids starting at $100

7/21/2017

The City of Danville is hosting its’ first ever online tax sale through auction website Bid4Assets.  By moving online, the county is exposing the properties to a wider range of buyers with the goal of returning more distressed properties to the tax rolls.  The funds generated also support essential city services, which can face shortfalls when taxes go unpaid.

“We’re excited to partner with Bid4Assets to promote these properties to a wider audience,” says John Rife, Special Commissioner of the City of Danville and a partner at TACS (Taxing Authority Consulting Services). “The City of Danville has tasked TACS with selling a group of properties that have not sold at the local live auction, in some cases after multiple attempts.  By reducing the minimum bids and bringing the sale to national buyers, we hope to return them all to the tax rolls and bring new investment into the community.  TACS is always exploring new methods to get better results for the cities and counties we serve and we see this online auction as an effective vehicle to support Danville.”

All auctions in the tax sale have no reserve, meaning the highest bid at or above the minimum will win the property. All lots will have a minimum bid of $100.  Winning bids are subject to court approval.

“We’re honored to serve the City of Danville and we’re thrilled to see them bring their tax-defaulted property sale online” says Jesse Loomis, CEO of Bid4Assets.  “Bid4Assets has built up a database of hundreds of thousands of registered investors, developers and other real estate buyers.  These investors absorb excess inventory that hasn’t sold in the local market and they bring new capital into these communities.  This is believed to be one of Virginia’s first online-only tax-defaulted property auctions and we’re looking forward to working with more jurisdictions.”

Bid4Assets has sold tax-defaulted property for over 75 counties nationwide, more than any other online auction company.

The auctions will open August 18th at 11:00 AM ET and close at staggered times between 3:00 PM and 4:00 PM on August 21st. Bidders must submit a $785 deposit before they are able to participate in the sale. Deposits are due by August 16th. Read the full story here.



Los Angeles County to Conduct Tax-Defaulted Property Auction Through Bid4Assets.com

Sale will open August 5th with all property starting at $1,426

7/15/2017

Following its’ annual live tax-defaulted property sale earlier in the year, Los Angeles County is hosting an online sale through Bid4Assets. By moving online, the county is exposing this sale to a wider range of buyers in order to return more distressed properties to the tax rolls. Funds generated support essential county services, which can face shortfalls when taxes go unpaid.

“Bringing distressed properties from our initial sale online is a natural step for the county,” says Joseph Kelly, Los Angeles County Treasurer-Tax Collector. “The reality is some of these tax-defaulted properties cannot sell at live auction. Exposing those properties to national buyers online gives the county a significantly better chance of returning them to productive use. Bid4Assets has a proven track record, so exposing our sale to national buyers through their platform is the ideal way to achieve this.”

All auctions in the tax sale have no reserve, meaning the highest bid at or above the minimum will win the property. 504 properties will be up for auction. All auctions will have a minimum bid of $1,426.00

“We’re honored to serve Los Angeles County in conducting their public auction for tax-defaulted properties on the Bid4assets platform,” says Jesse Loomis, CEO of Bid4Assets.  “The hope is always that the auction will prompt procrastinating property owners to pay their taxes and redeem the properties.  When that doesn’t happen, we auction the property and find a new buyer.  If there aren’t enough bidders in the local market, we bring a database of hundreds of thousands of nationwide real estate bidders to the auction.”

The auctions will open August 5th at 6:00 PM ET (3:00 PM PT) and begin closing at staggered times between 11:00 AM ET (8 AM PT) and 4:30 PM ET (1:30 PM PT) on August 8th. Bidders must submit a $5,035 deposit before they are able to participate in the sale. Deposits are due by August 1st.



Madera County to Hold Online Tax Defaulted Property Auction

Sale will open July 29th with bids starting as low as $5,766.00

7/03/2017

Following a successful tax-defaulted property sale in May, Madera County is hosting a re-offer sale on Bid4Assets to return even more distressed properties to the tax rolls.  In the May sale, 57 properties were either redeemed by the owners or sold at auction.  The funds generated support essential county services, which can face shortfalls when taxes go unpaid.

 “The Bid4Assets platform enabled us to sell over $1.1 million worth of tax-defaulted property this May,” says Tracy Kennedy, Madera County Treasurer-Tax Collector. “The goal of the sale is to eliminate shortfalls from unpaid taxes and return these properties to taxpaying status for the county. An internet-based auction utilizing Bid4Assets’ technology has proven to be an ideal way to achieve this.”

All auctions have no reserve, meaning the highest bid at or above the minimum will win the property.  Minimum bids range from $5,766 for a vacant lot in Friant to $62,342 for a 4.83 acre development tract on Howell Road in Chowchilla.

 “We’re honored to serve Madera County in conducting their public auction for tax-defaulted properties on the Bid4assets platform,” says Jesse Loomis, CEO of Bid4Assets.  “The hope is always that the auction will prompt procrastinating property owners to pay their taxes and redeem the properties.  When that doesn’t happen, we auction the property and find a new buyer.  If there aren’t enough bidders in the local market, we bring a database of hundreds of thousands of nationwide real estate bidders to the auction.”

The auctions will open July 29th at 8:00 AM PT (11:00 AM ET) and begin closing at staggered times between 10:30 AM and 11:00 AM PT on August 1st. Bidders must submit a $2,535 deposit before they are able to bid on properties. Deposits are due by July 25th. View the full story here.


Riverside County Hosts Successful Online Auction for Tax-Defaulted Timeshares via Bid4Assets.com

Over 100 properties sold or redeemed

6/14/2017

Riverside County held a special tax-defaulted property auction for Marriott Timeshares that closed on May 23rd with 56 properties sold. Even more properties were redeemed by their original owners and returned to the tax rolls as result of the sale. Riverside County held an equally successful distressed property sale with Bid4Assets just prior to this.  Bid4Assets credits the success of these sales to a nationwide buyer pool and strong marketing campaign to attract motivated bidders.

“We are continually pleased with the results that Bid4Assets’ online auctions bring,” said Don Kent, Treasurer Tax Collector of Riverside County. “It is encouraging to see the majority of timeshares in this sale either sold or redeemed by the owner.  The goal of the sale is to eliminate shortfalls from unpaid taxes and return properties to revenue generating status and an online auction is the ideal way to achieve this.”

In total, 148 timeshares were put up for auction in this sale. Over 100 were either sold or redeemed, returning them to taxpaying status for the county.

“We appreciate the continued opportunity to serve Riverside County and are very pleased with the auction results.” said Jesse Loomis, CEO of Bid4Assets. “There were not enough buyers for these timeshares in the local market, so we expanded our marketing efforts throughout North America.  Timeshares sold to not only local buyers, but buyers in Florida and Canada.”

Several other counties in California have conducted timeshare auctions this year that resulted in at least 75% of the auctions going unsold.

Bid4Assets hosts online tax sales year-round. You can view a full schedule at www.bid4assets.com/taxsale



Santa Barbara County to Hold Online Auction for Tax-Defaulted Property via Bid4Assets.com

Auctions open June 2nd and minimum bids start as low as $25K


5/11/2017

Following the success of last year’s first ever online sale, the Treasurer-Tax Collector’s Office of the County of Santa Barbara will hold an online auction for tax-defaulted properties via Bid4Assets.com. This online sale will expose these properties to a wider range of national buyers while drastically reducing the costs associated with these auctions.

“Using Bid4Assets’ technology to modernize this process is a natural step of the county,” said Harry E. Hagen, Treasurer Tax Collector of Santa Barbara County. “In our introductory online tax sale last year, 100% of the properties were either redeemed by the owners or sold in excess of the outstanding tax balance.  The goal of the sale is to eliminate shortfalls from unpaid taxes and return properties to taxpaying status and this is the ideal vehicle to achieve this.”

Minimum bids on the three (3) properties start as low as $25K and bidding opens on June 2nd at 8:00 AM PT. Bidding will close at various times on June 5th.

“We’re excited to see progressive counties like Santa Barbara modernize their tax-defaulted property auctions,” said Jesse Loomis, CEO of Bid4Assets. “The internet has proven to be an effective vehicle for a wide range of tasks, and now more people are researching and transacting real estate online.  Online auctions are more transparent, reach a wider audience, and are less expensive to operate than traditional on-the-ground auctions.  Santa Barbara County proved last year that online auctions are a perfect fit for counties to auction their tax-defaulted properties.”

Properties include a 3 bedroom 2 bathroom home with 1,688 square feet and 1.56 acres of land. Estimated value on Zillow of $456,175. Starting at $84,214.

Bidders must fund a $5,000 deposit before they are able to bid and deposits are due by May 26th.

3 Ways to Utilize Your Land


2/02/2017


So the auction is over, the settlement is complete and you finally have that perfect piece of vacant land. Now the question is what should you do with it? Many people who buy land on Bid4Assets report having bought it for a fraction of market price.  Buying land at a discount at auction leaves you more capital to develop or otherwise improve the land for profit.

The truth is a new piece of vacant land is a blank canvas, often with many unique possibilities. Some investors want to resell their property (either on Bid4Assets or through an agent) for a profit.  Others may  plan to build their dream home or a rental property. Regardless of what your plan is, the most important thing is to have one. With that in mind, here are just a few ways you might put your land to good use.

RENT

When possible, renting land is a great way to produce income while your property appreciates. Properties can be rented to campers, for parking, or for an assortment of commercial uses.  It’s important to check with the county to make sure any land usage confirms with the zonings and that you have any necessary permits.

PARKING LOT

This option could frequently give you the opportunity to make thousands of dollars within just a few hours off your land. If the land you’ve bought is located anywhere within walking distance of a major attraction, such as a sporting arena, a theatre, or a popular downtown area then you control a space where people frequently need parking. On night of a big game or a popular show rolling into town, it can be easy for you to collect hundreds if not thousands of dollars just by providing people an extra space to park.

DEVELOP

The #1 reason people invest in land is for development. Whether you want to create a dream home for your family or develop something you can later sell for maximum profit, don’t let your investment sit unutilized.  Your local chamber of commerce may be able to help you find local real estate developers and home builders.

No matter what you ultimately choose to do with your land, the most important thing is to do your due diligence and have a clear plan.   We love to hear from our auction buyers, if you have a great land success story, please email us at [email protected] and tell us about it!



Top 5 Reasons to Invest in Land


1/17/2017

Vacant, raw, bare, undeveloped … these are generally not words you would associate with an exciting investment opportunity. But when you pair those words with land, you get one of the most stable and overlooked, long-term real estate investments available.

Bid4Assets hosts thousands of vacant land auctions every year and 2017 is shaping up to be no exception, offering many unique opportunities to investors nationwide. With that in mind, here are five reasons why you should consider adding land to your portfolio this year:

1) Vacant land can be a no-fuss investment.

Vacant land means simplicity and stability. You don’t have to deal with any of the problems that can come with owning other types of real estate. There are few, if any repairs, no tenants, no renovations and no utilities.

2) Land is cheap to own.

After the initial investment, raw land property taxes are typically low.  There are no mortgage payments, no monthly bills, and the insurance is minimal if you choose to have it at all.

3) Buying land can be extremely easy.

Companies such as Radius, a frequent lister on Bid4Assets, make finding your next great land deal as easy as buying a new DVD player on Ebay. You can browse from your favorite living room chair, review pictures and due diligence, and place your bid, all from the comfort of your own home.

4) Land is a tangible asset.

While your stocks can become worthless paper overnight, you’ll never face that problem with land — it’s still there. Land is a solid, tangible asset. It doesn’t wear out, it won’t break and no one is going to walk off with your land in the middle of the night.

5) “Buy land, they're not making any more of it.”

This famous Mark Twain quote may sound cliché, but land is a finite resource. As a population grows and the demand for land rises, and that trend isn’t going away any time soon.

So, if you’ve overlooked vacant land as an investment opportunity in the past, there’s no time like the present to start. Many great deals are already available on Bid4Assets and only a click away.

This article was provided in part by Radius, a third-party real estate company that is not affiliated with Bid4Assets. To see auctions they currently have available on Bid4Assets click here. http://www.bid4assets.com/v5/search/#t=s|s=645650|sc=bidclosetime|so=ASC



Douglas County Treasurer to Hold First-Ever Online Auction for Tax-Defaulted Properties via Bid4Assets.com

Online Auction Scheduled for December 6th

11/14/2016

For the first time ever, the Treasurer’s Office of the County of Douglas will hold an online auction for tax-defaulted properties via Bid4Assets.com. By moving the auction online, the county is exposing these properties to a wider range of buyers, and at a significantly lower cost than conducting a live auction.

“Harnessing the power of the internet to improve this process is a natural step for the county,” said Nona Haberman, Treasurer of Douglas County. “An online auction allows us to tap into a wider group of bidders and give new people the opportunity to own property in Douglas County.  The tax revenues are essential to support county services.”

Bidding opens online on December 6th at 9 AM PT, and auctions close at various times on that afternoon.

“We’re excited that Douglas County has made the decision to take their tax foreclosure process online,” said Jesse Loomis, CEO of Bid4Assets.  “Our platform brings a tremendous number of bidders from across the country to a group of properties that were previously only available to local bidders at a live auction.  Online sales are cheaper and easier, return more properties to the tax rolls, and generally bring higher prices.”

Properties in the auction include:

  • An 80-acre vacant land property with a minimum bid of $2,834
  • A property located on SR 173 that consists of 34 acres of land with improvements with a minimum bid of $4,802
  • A residence located on 1st Street NE on a half-acre of land with a minimum bid of $12,690

Bidders must register a free Bid4Assets account and fund a $1,035 deposit before they’re able to bid on properties and deposits are due by November 29th




Santa Barbara County to Hold First-Ever Online Auction for Tax Defaulted Properties via Bid4Assets.com

Auction opens June 3rd and requires Bid4Assets account and refundable $5,000 deposit

5/17/2016

For the first time ever, the Treasurer-Tax Collector’s Office of the County of Santa Barbara will hold an online auction for tax-defaulted properties via Bid4Assets.com. By moving the auction online, the county is exposing these properties to a wider range of buyers while drastically reducing the costs usually associated with these auctions.

“Using modern technology in this process is a natural step for the county,” said Harry E. Hagen, Treasurer-Tax Collector of Santa Barbara County. “An online auction allows hundreds of thousands to view these properties, who might never have known they were on the market. The point of the sale is to bring these properties back to the taxpayers and this is a better way to do it.”

Properties start at $21,107, and the bidding opens on June 3rd at 8 AM locally, and closes at various times on June 6th.

“We’re thrilled to see Santa Barbara joining many other counties in bringing their tax sales online,” said Jesse Loomis, CEO of Bid4Assets. “This kind of platform lets bidders from all over the world view and bid on potential real estate opportunities in one of the most dynamic counties in the United States. We are pleased to assist the county in making the process more efficient and more cost-effective.”

Properties include:

  • 205 Princeton Pl Lompoc, CA 93436: 4 bedrooms 2.5 bathrooms home. 6,098 square feet. Average list price for this zip code according to Trulia is $345,961. It is being auctioned for $57,171
  • 538 E Clark Ave Santa Maria, CA 93455: 3 bed 2 bathrooms home with 1.56 acres of land. Average list price for this land according to Trulia is $370,420. It is being auctioned for $71,473

Bidders must fund a $5,000 deposit before they’re able to bid on properties and deposits are due by May 27th. View the full story here


Riverside Treasurer-Tax Collector's Office Offering Tax-Defaulted Properties in Online Auction via Bid4Assets.com

943 properties will be available on May 19th with bids starting at $1,936

5/10/2016

The Riverside County Treasurer-Tax Collector’s Office will hold an online auction for 943 tax-defaulted properties beginning May 19th via Bid4Assets.com. By taking the auction online, the county is opening up the bidding to more potential buyers, cutting taxpayer costs and expediting the recoupment of past-due revenues. To participate, bidders only need to register for a free account at Bid4Assets.com and make a refundable $2,500 deposit. Bids on properties start as low as $1,936.

“The ability to conduct these auctions online has been an incredible development for our office,” says Don Kent, County Treasurer-Tax Collector. “It makes it easier to sell these properties and at a much lower cost to the taxpayers. These are important past-due revenues that will go towards funding important entities like schools and police.”

The sale includes a diverse group of properties, such as homes, multi-family properties, commercial property, vacant land and agricultural property.  Properties up for auction are located in or near Banning, Beaumont, Blythe, Cabazon, Canyon Lake, Desert Hot Spring, Hemet, Homeland, Indio, Lake Elsinore, Mecca, Moreno Valley, Palm Springs, Riverside, San Jacinto and Whinchester. All auctions are no reserve, meaning that the highest bid at or above the minimum bid will buy the property.

“This is one of our more notable auctions because real estate in Southern California right now can be tough to come by affordably,” said Jesse Loomis, CEO of Bid4Assets.  “This is a great chance for investors to scoop up great value in a highly coveted part of the United States.”

Auctions open May 19th, 2016 at 8:00 AM locally (11 AM ET) and close at various times on Tuesday, May 24th.  Bidders must fund a $2,500 deposit (plus $35 processing fee) before they’re able to bid on properties and deposits are due by May 17th.



King County Grosses Over $2.3 Million in Online Tax-Foreclosure Sale via Bid4Assets

Sixty-five properties sell throughout county

1/10/2016

King County recently held its first-ever online tax-foreclosure sale on auction site Bid4Assets.com. The auction was a huge success, with 48 properties selling for a total of $1,870,160 in the first round on December 10th and another 17 properties selling for a total of $451,450 in a reoffer sale held one week later on December 17.  That brought the total to $2,321,610 in auction sales for 65 properties.

“When you take a traditional process that has been done for years and use technology to innovate it, there is always some apprehension.  Fortunately, taking our tax sale process online was seamless and the technology worked well, so we are very pleased with our decision,” said Property Tax Supervisor Mark Thompson. “It cut costs, reduced our workload, and brought the most geographically diverse group of bidders that we’ve ever had.  We are also happy that the online auction prompted most of the tax-delinquent property owners to step up and pay their past-due taxes so that they could keep their property.”

Of the 279 properties that were originally scheduled to go to auction, over 200 were redeemed, with many owners paying their outstanding tax bill.  US bidders in this auction were located in Washington, California, Arizona, Minnesota, Oregon, and Texas. Canadian bidders also participated, located in Alberta, British Columbia, Manitoba, Quebec and Saskatchewan.

“We couldn’t be more pleased with how well the sale went for King County,” said Jesse Loomis, CEO of Bid4Assets.com. “Taking the process online made it possible for bidders over 1,500 miles away to participate in the auction.  The county recouped revenues from severely tax-delinquent properties and some real estate buyers got great deals on foreclosed property.  This is another great example proving that online auctions work.”



Yakima County, Washington's First Online Tax Sale

11/23/2015

Yakima County is holding its first-ever online sale for properties in tax foreclosure on December 7th, via Bid4Assets.com.  The sale includes a diverse group of properties, such as homes, multi-family properties, commercial property, vacant land and agricultural property.  Properties up for auction are located in or near Buena, Grandview, Granger, Harrah, Mabton, Naches, Prosser, Selah, Sunnyside, Tieton, Toppenish, Union Gap, Wapato, White Swan, Yakima and Zillah. All auctions are no reserve, meaning that the highest bid at or above the minimum bid will buy the property. In addition to the 70 tax-foreclosed properties, seven tax title properties and one county surplus property will also be auctioned off.

Auctions open December 7th, 2015 at 12:00 PM ET (9:00 AM PT) and close at various times on December 8th. Bidders must fund a $1,035 deposit before they’re able to bid on properties and deposits are due by December 1st. You can view the auction, including a list of the properties, at www.bid4assets.com/Yakima1

See the full story on Yahoo Finance at:
http://finance.yahoo.com/news/yakima-county-conduct-first-ever-223443071.html



Los Angeles County to Auction Nearly 500 Properties Online

07/26/2015

Online auction will be held August 8-11, 2015. Deposits due August 4th. Click here details on the auction, to place your deposit and to bid - http://www.bid4assets.com/LosAngeles Each bidder will be required to submit a deposit of $5,035 by Aug. 4, which will allow the buyer to bid on all of the properties in the auction. All properties will open with a minimum bid of $1,125. No reserve price will be set, and the assets will sell to the highest bidder, regardless of price. The Bid4Assets auction will feature properties in Santa Clarita, Pomona, Lancaster, Palmdale, Acton, Pearblossom, Black Butte, Sun Village, Juniper Hills, Mount Waterman, Alpine Butte, Caliche, Redman, Roosevelt, Butte Valley, Del Sur, Mt Gleason, Elizabeth Lake, Green Valley, Antelope Acres, Lake Hughes, Fairmont and Hi Vista, as well as dozens more within the City of Los Angeles. Place your deposit today to bid!



JUST ANNOUNCED - New Counties Added to Tax Sale Calendar

10/15/2014

MARIPOSA COUNTY, CA

The Treasurer-Tax Collector's Office of Mariposa County, California is offering 6 tax defaulted properties for auction online.

Auction Dates

Starts: October 25, 2014 at 11:00 AM ET (8:00 AM PT)

Ends: October 28, 2014

Bids start as low as $3,555
These are all NO RESERVE auctions! Preview Now!

CALAVERAS COUNTY, CA

The Treasurer-Tax Collector's Office of Calaveras County, California is offering 65 tax defaulted properties for auction online.

Auction Dates

Starts: November 14, 2014 at 11:00 AM ET (8:00 AM PT)

Ends: November 17, 2014

Bids start as low as $100.00
These are all NO RESERVE auctions! Preview Now!

NEVDA COUNTY, CA

The Treasurer-Tax Collector's Office of Nevada County, California is offering 45 tax defaulted properties for auction online.

Auction Dates

Starts: November 15, 2014 at 11:00 AM ET (8:00 AM PT)

Ends: November 18, 2014

Bids start as low as $1,700
These are all NO RESERVE auctions! Preview Now!

PIERCE COUNTY, WA

The Pierce County Assessor-Treasurer is offering 261 tax-foreclosed properties for auction online.

Auction Dates

Starts: November 17th, 2014 at 11:30 AM ET (8:30 AM PT)

Ends: November 18th, 2014

Bids start as low as $1,214
These are all NO RESERVE auctions! Preview Now!




Over 19,900 Tax Foreclosed Properties For Auction, All From $500!

10/03/2012

Detroit, MI – Wayne County, Treasurer Raymond J. Wojtowicz, announced today that his office will hold a Wayne County Tax Sale Re-Offer, this October. Bid4Assets, the leading provider of online tax foreclosed property auctions, will host the auction. Auctions will be open for bidding on Friday, October 19th and close Friday, October 26th. Starting bid prices all begin at $500 for over 19,900 tax foreclosed properties. The available properties can be viewed online at http://www.bid4assets.com/WayneOct12, and include real estate in Detroit, Highland Park, Inkster, Dearborn, Canton and other cities and townships of Wayne County. Interested buyers must register online and submit a deposit prior to bidding which is due by Friday, October 12th.



Wayne County, MI Set to Auction 22,504 Tax-Defaulted Properties Online

08/17/2012

Detroit, MI – Wayne County, Treasurer Raymond J. Wojtowicz, announced today that his office will hold its third online tax foreclosure property auction. Bid4Assets, the leading provider of online tax foreclosed property auctions, will host the auction.

The online auction will be open for bidding on Tuesday, September 14th and close Thursday, September 20th, with starting bid prices as low as $1,400 for the 22,504 tax-foreclosed properties being auctioned. The available properties can be viewed online at http://www.bid4assets.com/WayneS13, and include real estate in Detroit, Highland Park, Inkster, Dearborn, Canton and other cities and townships of Wayne County. Interested buyers must register online and submit a deposit prior to bidding which is due by Friday, September 7th.