Tag: online auction

Berks County’s First Online Tax Sale Generates $2,185,200

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Press Release
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updated: Jul 9, 2021

READING, Pa., July 9, 2021 (Newswire.com)
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The Berks County, Pennsylvania Tax Claim Bureau’s Office conducted its first-ever online tax defaulted properties sale with online auction site Bid4Assets.com. The move online allowed all participants to bid remotely and led to a dramatic increase in registration with 163 bidders funding deposits in order to bid in the sale. Over the two-day auction, a whopping 5,044 bids were placed, generating a total of $2,185,200 in proceeds. The proceeds are designated to paying real estate tax balances, municipal and state liens, along with overages being paid to other liens that exist on the properties.

“This sale was a great pilot for our shift to online auctions,” said Berks County Tax Claim Bureau Director Nicole E. Blanding, “The new format increased the efficiency of our sale process and afforded more convenience to our bidders by extending the bid period to twenty-four hours and eliminating the need to alter their schedule to attend a live auction. This was an important step forward for our office to use technology to innovate and we’re glad we made the change.”

Online bidding ran from June 17 to June 18. Of the 116 properties that were listed, 34 were redeemed and 72 were sold, with only 10 properties not returning to the tax rolls. Winning bids ranged from $1,000 to $165,100. Of the sale’s 51 winning bidders, 40 were Pennsylvania residents with the rest in nearby states like New York and New Jersey.

Bid4Assets was founded in 1999 and has sold tax-defaulted property for over 100 counties nationwide. Earlier this year, Bid4Assets was contracted by the Berks County Sheriff’s Office to transition their sheriff’s sales online.

“We’re very pleased to see such strong results from Berks County’s first sale,” said Bid4Assets’ CEO Jesse Loomis. “There are tremendous synergies to working with a group of counties in a particular state. We now have over 17,000 registered real estate bidders in the Commonwealth, so that even if an auction runs for a shorter timeframe, Bid4Assets can market the auction to a large group of targeted, in-state buyers very quickly. Online public auctions are the future in Pennsylvania and sales like this one are a perfect example of why.”

Berks County’s next tax sale will be their Upset Sale, which is anticipated to be held on Bid4Assets from September 16 through September 17.

About Bid4Assets

Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Maryland. The privately held company auctions distressed real estate for the federal government, sheriff’s offices, county tax collectors, financial institutions and real estate funds. In Pennsylvania, Bid4Assets conducts online tax or sheriff’s sales for numerous counties, including Berks, Bucks, Montgomery, Monroe, Adams, and Philadelphia. Since its inception in 1999, the company has sold more than 125,000 properties nationwide and grossed over a billion dollars in auction sales.

Media Contact:

Teresa M. Lundy

TML Communications

E : Teresa@TMLFirm.com

P : 215-500-8749

Source: Bid4Assets Inc.

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July 9, 2021
Berks County to Hold First-Ever Online Auction for Delinquent Real Estate Taxes via Bid4Assets.com

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Press Release
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updated: Jun 10, 2021

READING, Pa., June 10, 2021 (Newswire.com)
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For the first time ever, The Tax Claim Bureau of Berks County, Pennsylvania, will hold one of its delinquent real estate tax sales online via auction website Bid4Assets.com. By moving online, the county is eliminating COVID-19 concerns from the sale while exposing distressed properties to a wider group of buyers and increasing the likelihood those 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.

“COVID-19 has opened our eyes to the possibility of transitioning the tax sale process,” said Tax Claim Bureau Director Nicole E. Blanding. “Our office is happy to assist any taxpayer seeking to remove their property from the sale by offering relief options available to them. For those who do not, Bid4Assets has a great track record of auctioning tax-defaulted and foreclosed properties, including Berks County’s sheriff’s sales. Their services increase our office availability to taxpayers, make the process more efficient, and keep bidders safe from COVID-19; all at zero cost to the county.”

Bidding opens on June 17 at 10:00 a.m. ET with 113 properties currently available. Auctions will close at staggered times on June 18 beginning at 10:00 a.m. ET. All auctions will start at a minimum bid of $1,000 and have no reserve price, meaning the highest bid at or above the minimum will win the auction.

“We’re excited to work with Berks County to transition their tax sale online and we are looking forward to a successful first sale,” said Bid4Assets’ CEO Jesse Loomis. “Bid4Assets brings over 17,000 registered real estate bidders who reside in the Commonwealth, which makes for a highly competitive auction. We are pleased to build off the success we have had with the Berks County Sheriff’s Office and now expand our relationship with the Tax Claim Bureau.”

Bidders must register for a free Bid4Assets account and fund a $1,000 deposit to participate in this sale. To view a list of available properties, visit www.bid4Assets.com/berkstaxsale.

About Bid4Assets

Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Maryland. The privately held company auctions distressed real estate for the federal government, county tax collectors, sheriffs, financial institutions and real estate funds. Bid4Assets has conducted online tax sales for over 90 counties and cities nationwide, including counties in California, Pennsylvania, Washington, Nevada, Utah and more. Since its inception in 1999, the company has sold more than 125,000 properties nationwide and grossed over a billion dollars in auction sales.

Media Contact:

Teresa M. Lundy

TML Communications

E : Teresa@TMLFirm.com

P : 215-500-8749

Source: Bid4Assets Inc.

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June 10, 2021
Butte County to Auction 154 Tax-Defaulted Properties Online Through BidAssets.com

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Press Release
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updated: Jun 10, 2021

OROVILLE, Calif., June 10, 2021 (Newswire.com)
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The Butte County Treasurer-Tax Collector’s Office will host a tax-defaulted properties sale beginning June 11, 2021. In an effort to avoid COVID-19 related concerns that may arise at a live auction, the tax-defaulted properties sale will be held through online auction website Bid4Assets.com.

“Our goal is to have every property owner pay their taxes so that we can remove their properties from the auction,” said Troy Kidd, Butte County Treasurer-Tax Collector. “If that doesn’t happen, we need to auction the property. An online tax sale maximizes sales and costs the residents of Butte County absolutely nothing.”

Online bidding begins June 11, 2021, at 8 a.m. PT (11 a.m. ET) and ends June 14. Bidders must create a free Bid4Assets account and fund a $5,000 deposit before they are able to participate in this sale. Deposits are due no later than Tuesday, June 11, 2021. To view more details about this sale including a full property list go to www.bid4assets.com/butte21.

Minimum bids will range from $1,745 to over $105,000. All auctions are no reserve, meaning the highest bid at or above the minimum bid will win the auction. This will be Butte County’s first tax sale since 2018.

“We look forward to working with Butte County to take their tax sale online,” said Jesse Loomis, Bid4Assets’ CEO. “Counties all over the country are seeing the benefits of moving public auctions online. COVID-19 may be the impetus for change, but online tax sales will become the new normal beyond the pandemic.”

About Bid4Assets

Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Maryland. The privately held company auctions distressed real estate for the federal government, county tax-collectors, financial institutions and real estate funds. Bid4Assets is particularly active with county governments in California, where it has conducted tax-defaulted property sales for the counties of Monterey, Humboldt, Yolo, Napa, Riverside, Imperial, Siskiyou, Fresno, Kings, Tulare, Santa Cruz and Los Angeles, to name a few. Since its inception in 1999, the company has sold more than 125,000 properties nationwide and grossed over a billion dollars in auction sales.

Media Contact:
Sean McLaughlin
sean@bid4assets.com
301-562-3427

Source: Bid4Assets Inc.

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June 10, 2021
Salt Lake County, Utah, Transitions Tax Sales Online via Bid4Assets.com

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Press Release
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updated: May 7, 2021

SALT LAKE CITY, May 7, 2021 (Newswire.com)
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The Salt Lake County Auditor’s Office will host its first-ever online tax-defaulted properties sale with auction site Bid4Assets.com. The county is required by state law to hold its tax sale annually. Transitioning the sale online will allow the Auditor’s Office to conduct it safely, removing all COVID-19 associated concerns by allowing participants to bid from their laptops, cell phones and desktops.

“Our office is on standby to assist anyone seeking to redeem their property,” said Scott Tingley, Salt Lake County Auditor. “For the properties that do not redeem, Bid4Assets brings online capabilities, a wider potential sales audience and experience in piloting programs like this for other counties in Utah. We are confident the move to online tax sales will be a positive step forward for Salt Lake County.”

Online bidding on the properties available will take place May 27, beginning at 8:30 a.m. MT. Auctions will close at staggered times starting at 10:00 a.m. MT. All auctions will be “no reserve” meaning the highest bid at or above the minimum will win the property. Minimum bids will vary greatly ranging from $27 to $130,301.

“We’re looking forward to conducting Salt Lake County’s first online auction,” said Jesse Loomis, Bid4Assets’ CEO. “We believe many other counties will follow Salt Lake County’s innovations and by next year this will be how most of the state’s tax sales are conducted. The service brings convenience to bidders, more revenues to counties and our services come at no cost to the county, guaranteed.”

Bidders must register a free Bid4Assets account and fund a $500 refundable deposit plus a $35 processing fee to participate in this sale. Deposits are due May 21. To view a list of available properties and additional sale details, visit www.bid4assets.com/saltlake21.

About Bid4Assets

Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Md. The privately held company auctions distressed real estate for the federal government, county tax collectors, county sheriff offices, financial institutions and real estate funds. Bid4Assets has conducted online public auctions for over 100 counties nationwide. Since its inception in 1999, the company has sold more than 125,000 properties nationwide and grossed over a billion dollars in auction sales.

Media Contact:

Jon Amar

jon@onwordstrategic.com

925-270-6511

Source: Bid4Assets Inc.

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May 7, 2021
Tooele County, Utah, to Host First-Ever Online Tax Sale With Bid4Assets.com

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Press Release
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updated: May 4, 2021

TOOELE, Utah, May 4, 2021 (Newswire.com)
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The Tooele County, Utah, Auditor’s Office will hold its first-ever online delinquent property tax-sale with auction site Bid4Assets.com. The county is required by state law to hold an annual sale for tax-defaulted properties. Moving online will allow Tooele County to conduct this sale safely, eliminating all COVID-19 concerns by allowing participants to bid using their laptops, cell phones and desktops.

“This is a necessary step forward for our office and Bid4Assets is the right partner to ensure a smooth transition,” said Alison McCoy, Tooele County Auditor. “Our top priority remains the safety of our residents. Similar sales that Bid4Assets has conducted in the state have been extremely successful and are offered at no cost to the county.”

Online bidding on the properties available will take place May 21 beginning at 10 a.m. MT. Auctions will close at staggered times starting at 12 p.m. MT. All auctions will be no-reserve, meaning the highest bid at or above the minimum will win the property.

Bidders must register a free Bid4Assets account and fund a $200 deposit before they can participate in this sale. Deposits are due May 17. To view a list of available properties and additional sale details, visit www.bid4assets.com/tooele21.

“The benefits of online auctions include increased bidding, a streamlined process for the county and elimination of the risk of spreading COVID-19 at a live auction,” said Jesse Loomis, Bid4Assets’ CEO. “We’ve had many counties transition to online auctions since the pandemic began who have since decided to make the change permanent. We’re honored to be serving Tooele County and look forward to serving more counties throughout Utah.”

About Bid4Assets

Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Maryland. The privately held company auctions distressed real estate for the federal government, county tax-collectors, county sheriff offices, financial institutions and real estate funds. Bid4Assets has conducted online public auctions for over 100 counties nationwide. Since its inception in 1999, the company has sold more than 125,000 properties nationwide and grossed over a billion dollars in auction sales.

Media Contact:
Jon Amar
jon@onwordstrategic.com
925-270-6511

Source: Bid4Assets Inc.

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May 4, 2021
Founder of Robb Report’s Rare 19th Century Antiques and Fine Art Collection Offered at Online Auction by Pearce & Associates

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Press Release
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updated: Mar 24, 2021

ALABASTER, Ala., March 24, 2021 (Newswire.com)
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The late Robert “Rusty” White started collecting antiques and valuables at a young age. He continued to buy, sell, flip and invest in fine arts and historical pieces throughout his life and accumulated many fascinating pieces along the way. To settle his estate, Pearce & Association will sell fine art, Civil War Memorabilia, 19th century furniture, jewelry, vases, urns, bronzes and more at an online auction on March 29.

“This estate is one of the finest we have the pleasure of handling. We are blown away with the quality of the furniture, art, and collectibles. These assets are a treasure trove for collectors and investors alike,” says Alex Bourland, auction manager.

White sold a pair of consecutive numbered Rigdon & Ansley pistols he had dug up in a field in his Mississippi hometown. These were copies of Colt pistols the Confederates used in the Civil War. He parlayed that cash into his ticket to college at University of Mississippi. With his taste, knowledge and drive for cashing in on collecting and trading antiques and other collectibles, White start publishing an antiques newsletter in 1965. Known as the Robb Report, this magazine is still a go-to for those leading a luxury lifestyle. White sold Robb Report in 2002.

White’s lifetime of fine antiquity dealings is now on partial display in this auction. Notable items feature 19th Century Shaw Grand Piano, Napoleon III Period Diminutive Mahogany Secretary c. 1870, Early 20th Century Italian Gothic Revival Carved Oak Lecturn, 1968 D-18 Martin Guitar, 1800 Georgian Old Sheffield Champagne Cooler, 18^th Century Hand-Carved European Hunting Ox Horn, Horst Hacker German Alps & Figures Framed Oil Painting, Patek Phillppe Ladies Platinum and Diamond Watch.

To view all items, descriptions and place bids, visit auctionbypearce.com. In-person previews and inspections are available Monday through Friday from 9 a.m. to 4 p.m. at Pearce Auction Center, 720 Fulton Springs, Road, Alablaster, Alabama. Online bidding ends Monday, March 29 at 7 p.m. For information and details, call Pearce & Associates at 205-664-4300.

Pearce & Associates is an Alabama-based auction firm that has been conducting auctions for government agencies, bankruptcy courts, banks, small business owners and individuals for more than 35 years. The auction firm has sold millions of dollars in assets throughout the U.S. including commercial, industrial and residential real estate, farms, business assets, heavy machinery, construction equipment, collector cars, vehicles and estates. Pearce & Associates are members of MarkNet Alliance, a network of more than 65 of the nation’s top auction firms who combined sell more than $1 billion in assets annually.

Media Contact: Alex Bourland, 843-860-7141

Source: Pearce & Associates

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March 24, 2021
Nye County Raises Over $1.8 Million in First-Ever Online Tax Sale

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Press Release
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updated: Jul 6, 2020

TONOPAH, Nev., July 6, 2020 (Newswire.com)
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The Nye County, Nevada, Treasurer’s Office hosted the county’s first-ever online tax-defaulted property sale auction with website Bid4Assets.com from May 31 to June 3. Of the 567 properties that were offered at auction, 366 sold and 53 properties were withdrawn from the sale at the request of the Treasurer’s office. The online nature of Bid4Assets’ platform eliminated all COVID-19 concerns surrounding the tax sale, allowing auction participants to bid using cell phones, laptops and computers from the safety of their home.

“Our tax sale with Bid4Assets was the most successful auction Nye County has had,” said John Prudhont, Nye County Treasurer. “The savings to Nye County taxpayers, resulting from utilizing Bid4Assets.com’s online platform, were substantial. For past live auctions, we needed to close our offices to the public, pay for travel, lodging and meals for Treasurer Department staff traveling from out of town. Additional savings resulted from not requiring two Sheriff Deputies to provide security as well as assistance from county administration and technology staff. With Bid4Assets.com, we didn’t need to incur those additional costs and Nye County taxpayers also benefited from the nationwide reach and participation of bidders where, in the past, few bidders participated from other states.”

In total, 342 bidders from 21 states, including California, New York, Texas and Florida, participated in Nye County’s tax sale. Winning bids ranged from $784 to $140,000. The sale generated $1,803,522.20 in proceeds for the county.

“We’re very encouraged to see such a strong rate of participation for Nye County’s first online tax sale considering the current climate of COVID-19,” said Jesse Loomis, Bid4Assets’ CEO. “Bid4Assets’ services were intended to help counties attract a larger bidder pool and streamline the auction process but, since the outbreak, a larger focus has been placed on keeping the tax sale process operating without creating a public health risk. Many counties are seeing an increased need for public services while at the same time facing a decrease in revenues. Our current focus is helping counties raise much-needed revenues.”

Bid4Assets was founded in 1999 and conducted the first online tax sale in 2000. Over the last 20 years, it has conducted hundreds of tax sales around the country and generated hundreds of millions of dollars in proceeds for counties.

About Bid4Assets

Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Maryland. The privately held company auctions distressed real estate for the federal government, county tax-collectors, financial institutions and real estate funds. Bid4Assets is the leading provider of online tax sales in Nevada. Since its inception in 1999, the company has sold more than 125,000 properties nationwide and grossed over a billion dollars in auction sales.

Media Contact:
Jon Amar
jon@onwordstrategic.com
925-270-6511

Source: Bid4Assets, Inc.

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July 6, 2020