Bid4Assets to Host Online Tax-Defaulted Property Auction for Los Angeles County Treasurer’s Office
12 Outubro 2023 - 9:30AM
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. The sale will
feature a mix of vacant land of various sizes and acreage. All
auctions will have no reserve price, meaning the highest bid at or
above the minimum will win the auction.
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. Funds
generated from the sale support essential county services, which
can face shortfalls when taxes go unpaid.
Los Angeles County previously hosted a virtual tax delinquent
property sale in April 2023 on Bid4Assets. This sale resulted in
335 properties being sold at auction, with 202 properties being
withdrawn from the auction and $13,051,137 generated in sales
proceeds. Bid4Assets has been conducting online auctions for Los
Angeles County since 2014.
“We’re honored to serve Los Angeles County and help bring
greater levels of efficiency to their tax foreclosure sale
process,” says Bid4Assets President Jesse Loomis, “Our format is
proven to boost local participation, increase auction sales and
free-up staff to dedicate more time towards assisting property
owners seeking to redeem their property.”
Auctions will open October 21 beginning at 3:00 PM PT and begin
closing at staggered times between 8:00 AM PT and 3:00 PM PT on
October 24. A free Bid4Assets account is required to participate in
the sale. Bidders must submit a $5,000 deposit to qualify for
bidding. Deposits are due by October 17. To view a list of
available properties, visit www.bid4assets.com/lasale.
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.
Media Contact:Sean McLaughlinBid4Assets
Marketing Manager301-562-3427sean@bid4assets.com
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