ELKO, Nev., April 29, 2021 (Newswire.com) – The Elko County, Nevada, Treasurer’s Office will host its annual tax-defaulted property sale with online auction site Bid4Assets.com this May. The online auction eliminates COVID-19 concerns while expanding the bidder pool to Bid4Assets’ network of over 785,000 registered real estate bidders.
“Bid4Assets has a strong track record for conducting similar sales throughout the state and the need for virtual bidding in the current pandemic is evident,” said Cheryl Paul, Elko County Treasurer. “For now, it’s about continuing our office’s essential duties in a way that keeps people safe and doesn’t create new costs for the county.”
Bidding will take place from May 10-14. All auctions will open at 8 a.m. PT. All auctions are no-reserve, meaning the highest bid at or above the minimum will win the auction.
“The shift within Nevada counties to transition their tax sales online has been swift during COVID-19,” said Jesse Loomis, Bid4Assets CEO. “Now, more than half the counties in Nevada are signed up with Bid4Assets. Our services increase county revenues, minimize the number of properties off the tax rolls, streamline the county’s workload and never cost the county a cent.”
Bidders must register a free Bid4Assets account and fund a $500 deposit to participate in this sale. Deposits are due by May 4. Anyone interested can view a list of properties available at www.bid4assets.com/Elko.
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, working with county treasurers in Nye, Pershing, Humboldt and Douglas, 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.
Source: Bid4Assets Inc.