Armstrong County, PA to Transition to Online Sheriff’s Sales in October
24 Outubro 2023 - 10:00AM
Bid4Assets, a leading online marketplace for distressed real estate
auctions, has been selected by the Armstrong County, Pennsylvania
Sheriff’s Office to host the county’s first-ever virtual sheriff’s
sale. The first sale will be held on October 26, 2023, with 27
properties currently listed.
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. Properties purchased by lenders at auction are often
referred to as REO, or real estate owned, and are typically vacant
properties in disrepair.
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. “Remote bidding affords our staff more time
to work with defendants looking to remove their property from the
sale. It also makes it easier for participants to bid, with the
process taking a few minutes instead of needing to spend hours
traveling to and from and participating in the auction at the
courthouse. We believe this will lead to more residents
participating in these sales and finding opportunities to invest in
our community.”
“Virtual sheriff’s sales benefit all parties involved, from the
lenders to the homeowners to the sheriff’s office conducting the
sale,” said Bid4Assets President Jesse Loomis. “We are excited to
see the format expanding across the Commonwealth of Pennsylvania.
Bid4Assets brings a database of over 35,000 registered Pennsylvania
bidders. We market these properties to real estate investors and
homebuyers who will restore blighted properties and create housing
in the community.”
Bid4Assets was founded in 1999 and conducted the first online
tax sale and the first online federal forfeiture auction in the
U.S., both in 2000. Bid4Assets pioneered the first online sheriff’s
sale in the Commonwealth of Pennsylvania in 2020.
Prospective bidders must register a free Bid4Assets account and
fund a $1,035 bid deposit to participate in the auction. To view
available properties, visit www.bid4assets.com/armstrongsale.
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 McLaughlinMarketing
Managersean@bid4assets.com(301) 562-3427
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