Bid4Assets

Chelan County, Washington Achieves State’s First Virtual Third-Party Sale in October Foreclosure Auction

Retrieved on: 
Thursday, November 16, 2023

WENATCHEE, Wash., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Chelan County, Washington Sheriff’s office successfully conducted its first virtual third-party sale conducted through a leading online marketplace for distressed real estate, Bid4Assets.com.

Key Points: 
  • WENATCHEE, Wash., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Chelan County, Washington Sheriff’s office successfully conducted its first virtual third-party sale conducted through a leading online marketplace for distressed real estate, Bid4Assets.com.
  • This was one of Washington’s first virtual foreclosure auctions and the first to sell third-party, rather than being purchased by the lender.
  • “It is great to see our virtual auctions produce a sale that likely would not have happened in the old format,” said Chelan County Sheriff Mike Morrison.
  • Chelan County’s next auction on Bid4Assets will take place on December 1 with real property available in Leavenworth.

Oklahoma County Sheriff's Office to Conduct First-Ever Online Foreclosure Auction with Bid4Assets.com

Retrieved on: 
Thursday, November 9, 2023

OKLAHOMA CITY, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The Oklahoma County, Oklahoma sheriff’s office has selected Bid4Assets, the leading online marketplace for distressed real estate sales, to conduct their first-ever online sheriff’s sale.

Key Points: 
  • OKLAHOMA CITY, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The Oklahoma County, Oklahoma sheriff’s office has selected Bid4Assets, the leading online marketplace for distressed real estate sales, to conduct their first-ever online sheriff’s sale.
  • “Our office is always searching for new ways to utilize technology to benefit the residents of Oklahoma County,” said Oklahoma County Sheriff Tommie Johnson, III.
  • The bill gave Oklahoma sheriffs the option, but not the mandate, to conduct foreclosure auctions online.
  • Bid4Assets' primary focus is helping county governments to conduct foreclosure and tax foreclosure auctions online.

Armstrong County, PA to Transition to Online Sheriff’s Sales in October

Retrieved on: 
Tuesday, October 24, 2023

By moving online, the sheriff’s office intends to streamline the auction process and increase accessibility by allowing all participants to bid remotely.

Key Points: 
  • By moving online, the sheriff’s office intends to streamline the auction process and increase accessibility by allowing all participants to bid remotely.
  • The online format exposes the properties to a larger group of potential buyers, increasing the likelihood of third-party sales and excess proceeds for defendants, while reducing the number of properties that lenders will need to purchase.
  • Bid4Assets has recently hosted successful online foreclosure sales for multiple sheriff’s offices in Pennsylvania, including Montgomery, Monroe, Berks, Adams and Philadelphia Counties.
  • “The decision to move to online sales became easier as we saw the format’s effectiveness across the state,” said Armstrong County Sheriff Frank Pitzer.

Bid4Assets to Host Online Tax-Defaulted Property Auction for Los Angeles County Treasurer’s Office

Retrieved on: 
Thursday, October 12, 2023

LOS ANGELES, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The Los Angeles County, California Treasurer’s office will conduct its latest tax sale with a leading online auction platform for distressed real estate sales, Bid4Assets, the leading online auction platform for distressed real estate sales.

Key Points: 
  • LOS ANGELES, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The Los Angeles County, California Treasurer’s office will conduct its latest tax sale with a leading online auction platform for distressed real estate sales, Bid4Assets, the leading online auction platform for distressed real estate sales.
  • By conducting the sale online, Los Angeles County is exposing the sale to Bid4Assets’ national buyer base in order to return a greater amount of distressed properties to the tax rolls.
  • Los Angeles County previously hosted a virtual tax delinquent property sale in April 2023 on Bid4Assets.
  • Bid4Assets has been conducting online auctions for Los Angeles County since 2014.

Pacific County, WA Treasurer’s Office’s First Virtual Tax Sale Opens on Bid4Assets.com to Huge Success

Retrieved on: 
Thursday, August 31, 2023

SOUTH BEND, Wash., Aug. 31, 2023 (GLOBE NEWSWIRE) -- The Pacific County, WA Treasurer’s office conducted the county’s first-ever virtual tax foreclosure sale with Bid4Assets , a leading online auction marketplace for distressed real estate sales.

Key Points: 
  • SOUTH BEND, Wash., Aug. 31, 2023 (GLOBE NEWSWIRE) -- The Pacific County, WA Treasurer’s office conducted the county’s first-ever virtual tax foreclosure sale with Bid4Assets , a leading online auction marketplace for distressed real estate sales.
  • “Our office had not held a surplus property sale in many years, and we didn’t really know what to expect,” said Shelly Flemetis, chief treasury/investment officer for Pacific County.
  • “We are thrilled to see such strong results for Pacific County’s first-ever virtual tax sale,” said Bid4Assets President Jesse Loomis.
  • Following the success of its first sale, Pacific County has confirmed plans to conduct another online auction with Bid4Assets in 2024.

Cumberland County to Hold First-Ever Online Auction for Delinquent Real Estate Taxes via Bid4Assets.com

Retrieved on: 
Wednesday, August 30, 2023

CARLISLE, Pa., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Bid4Assets , a leading online marketplace for distressed real estate auctions, has been selected by the Cumberland County, Pennsylvania Tax Claim Bureau to host its first-ever virtual tax delinquent properties sale.

Key Points: 
  • CARLISLE, Pa., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Bid4Assets , a leading online marketplace for distressed real estate auctions, has been selected by the Cumberland County, Pennsylvania Tax Claim Bureau to host its first-ever virtual tax delinquent properties sale.
  • By moving the sale online, Cumberland County is exposing the sale to a wider pool of buyers, increasing the likelihood the properties will be returned to the tax rolls.
  • Funds generated from the sale support essential county services, which can face shortfalls when taxes go unpaid.
  • “Our office is on standby to assist all taxpayers seeking to remove their property from this sale,” said Cumberland County Tax Claim Bureau Director Melissa Mixell.

Johnston County, OK Sheriff’s Office to Conduct Online Auction for Seized Marijuana Farm with Bid4Assets.com

Retrieved on: 
Tuesday, August 22, 2023

Potential bidders must register a free Bid4Assets account and fund a $25,000 refundable bid deposit in order to participate.

Key Points: 
  • Potential bidders must register a free Bid4Assets account and fund a $25,000 refundable bid deposit in order to participate.
  • The bill gave Oklahoma sheriffs the option, but not the mandate, to conduct foreclosure auctions online.
  • Several other sheriffs’ offices are preparing to move their foreclosure sales online following the bill’s passage.
  • We have several other pending contracts in Oklahoma and expect virtual sales to quickly become the new normal.”

Liquidity Services Announces Third Quarter Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023

Our fiscal fourth quarter 2023 guidance range is expected to be above last year for GMV and adjusted EPS, and consistent with last year for adjusted EBITDA.

Key Points: 
  • Our fiscal fourth quarter 2023 guidance range is expected to be above last year for GMV and adjusted EPS, and consistent with last year for adjusted EBITDA.
  • Our fiscal fourth quarter follows our seasonally high fiscal third quarter, and our GMV outlook reflects this seasonality and expected growth over the prior year period.
  • GovDeals is coming off its seasonal peak this past fiscal third quarter yet is expected to benefit from our continued efforts to expand our seller base and marketplace margins.
  • RSCG segment direct profit as a percent of revenue is anticipated to improve sequentially this coming fiscal fourth quarter compared to our last two quarters.

Pacific County, WA Treasurer’s Office to Conduct County’s First-Ever Virtual Surplus Property Sale with Bid4Assets.com

Retrieved on: 
Wednesday, June 28, 2023

SOUTH BEND, Wash., June 28, 2023 (GLOBE NEWSWIRE) -- The Pacific County, WA Treasurer's Office will hold its first-ever online surplus property sale of previously tax-foreclosed properties with online auction site Bid4Assets.com.

Key Points: 
  • SOUTH BEND, Wash., June 28, 2023 (GLOBE NEWSWIRE) -- The Pacific County, WA Treasurer's Office will hold its first-ever online surplus property sale of previously tax-foreclosed properties with online auction site Bid4Assets.com.
  • By moving online, the county exposes the sale to a wider range of real estate buyers to return the highest possible percentage of tax-defaulted properties to the tax rolls.
  • In turn, excess proceeds generated benefit the seller and property values of other county property owners.
  • “We’re excited to bring more efficient, accessible and successful public sales to the residents of Pacific County,” said Bid4Assets President Jesse Loomis.

City of Reading, PA Redevelopment Authority Sets Date for First Online Auctions with Bid4Assets.com

Retrieved on: 
Friday, May 26, 2023

READING, Pa., May 26, 2023 (GLOBE NEWSWIRE) -- Bid4Assets , a leading online marketplace for distressed real estate auctions, has been selected by the City of Reading, Pennsylvania’s Redevelopment Authority to host a special sale for four properties in need of revitalization.

Key Points: 
  • READING, Pa., May 26, 2023 (GLOBE NEWSWIRE) -- Bid4Assets , a leading online marketplace for distressed real estate auctions, has been selected by the City of Reading, Pennsylvania’s Redevelopment Authority to host a special sale for four properties in need of revitalization.
  • “Bid4Assets has a great track record with Berks County in selling foreclosure and tax foreclosures with a local buyer focus.
  • If buyers don’t meet the required terms, ownership will revert back to the Redevelopment Authority.
  • Bid4Assets pioneered online foreclosure auctions in Pennsylvania by conducting the first-ever virtual sheriff’s sale in the state’s history for Montgomery County in 2020.