Pacific County, WA Treasurer’s Office’s First Virtual Tax Sale Opens on Bid4Assets.com to Huge Success
31 Agosto 2023 - 10:00AM
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. The
sale ran from July 6 to July 7 and resulted in 26 of the 27
properties listed selling at auction, producing a total of $519,260
in sale proceeds.
“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. “In the end,
all the properties received bids and quite a few went for more than
the minimum. Overall, the county is very pleased with the results
and the prices we received for these properties.”
Over 600 bids were placed over the course of the sale from a
pool of 56 registrants. The sale consisted primarily of vacant land
property, with minimum bids ranging from as low as $2,000 up to
$70,000.
“We are thrilled to see such strong results for Pacific County’s
first-ever virtual tax sale,” said Bid4Assets President Jesse
Loomis. “Bid4Assets pioneered online tax foreclosure auctions in
Washington over a decade ago. Today, we’ve built an audience of
over 35,000 registered real estate bidders residing in Washington,
which helps us maximize proceeds on every auction, all at no cost
to the county.”
Bid4Assets has conducted online tax sales for county treasurers
across the country, including more than half of the treasurers in
Washington, and has generated over a billion dollars in proceeds
for counties. Following the success of its first sale, Pacific
County has confirmed plans to conduct another online auction with
Bid4Assets in 2024.
“We are already looking forward to a sale next year,” said
Flemetis, “I believe we learned a few things that we will
incorporate for next year to help our internal processes, but we
have nothing but compliments for Bid4Assets and their staff.”
About Bid4Assets
Bid4Assets is one of the world's leading online marketplaces for
the sale of distressed real estate property sold by governments,
county tax-collectors, financial institutions, and real estate
funds. It conducts online tax and foreclosure sales for counties
across the United States and has sold more than 100,000 properties
grossing more than $1 billion in completed government transactions.
Bid4Assets is a wholly owned subsidiary of Liquidity Services.
About Liquidity Services
Liquidity Services (NASDAQ: LQDT) operates the world's largest
B2B e-commerce marketplace platform for surplus assets with over
$10 billion in completed transactions to more than five million
qualified buyers and 15,000 corporate and government sellers
worldwide. The company supports its clients' sustainability efforts
by helping them extend the life of assets, prevent unnecessary
waste and carbon emissions, and reduce the number of products
headed to landfills.
Contact: Sean McLaughlin
Marketing Manager
sean@bid4assets.com
(301) 562-3427
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