COLUSA, Calif., July 30, 2021 (Newswire.com) – The Colusa County, California Treasurer-Tax Collector’s Office will host an online tax-defaulted properties sale through Bid4Assets.com this June. By moving the sale online, the county is exposing the properties to a wider audience, eliminating COVID-19 related concerns and greatly increasing the chances that the properties offered will be returned to the tax rolls.
“The time has come to streamline this process and ensure our tax-defaulted property sales have the capability to offer remote bidding,” said Colusa County Treasurer-Tax Collector Daniel A. Charter. “Bid4Assets has a long track record of managing sales of this type throughout the state. We are confident that their platform will bring greater efficiency and accessibility to our tax sale.”
Online bidding will begin on Aug. 3, 2021, at 8 a.m. PT and end on Aug.5, 2021, at staggered closing times. There are 13 properties in total listed for sale. Bidders must fund a single $1,500 deposit to participate in this sale. To view details on this sale and a list of currently available auctions, visit www.bid4assets.com/colusa.
Minimum bids range from $1,197 for a vacant lot on 7th Street in Williams to $24,822 for a commercial property in Maxwell. All auctions are no reserve, meaning the highest bid at or above the minimum will win the property.
“Bid4Assets is thrilled to be working with Colusa County to conduct their tax sale online,” said Bid4Assets’ CEO Jesse Loomis. “We bring a database of over 200,000 California real estate bidders, which is sure to help get these properties sold for maximum proceeds.”
Bid4Assets has conducted online public auctions for over 100 counties nationwide, including 54 counties in California.
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 Los Angeles, Lake, Riverside and Yolo, 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.
Teresa M. Lundy
Source: Bid4Assets Inc.