RED BLUFF, Calif., April 30, 2021 (Newswire.com) – The Tehama County, California, Treasurer-Tax Collector’s Office will host an internet-based tax-defaulted properties sale through online auction site Bid4Assets.com this May. The online nature of the sale eliminates the risk associated with COVID-19 while exposing available properties to a national buyer pool and greatly increasing the chance those properties will be returned to the tax rolls.
“The ability to conduct our tax sales online has been a huge advantage in years past and has dramatically increased bidding, which means more properties will return to the tax rolls,” said Dana Hollmer, Tehama County Treasurer-Tax Collector.
Online bidding begins May 14, 2021, at 8 a.m. PT (11 a.m. ET) and ends May 17 at staggered times with over 100 properties available. Bidders must register a free Bid4Assets account and fund a $2,500 deposit before they are able to participate in this sale. Deposits are due no later than Monday, May 10, 2021. To view more details about this auction, including a full property list, go to www.bid4assets.com/tehama21.
Minimum bids will range from $900 to $21,000. All auctions are no-reserve, meaning the highest bid at or above the minimum will win the property. Tehama County’s 2020 sale was postponed in response to COVID-19.
“We’ve enjoyed a great relationship working with Tehama County,” said Jesse Loomis, Bid4Assets’ CEO. “This year, the sale is not just about increasing revenues and efficiencies for the county, it’s about keeping bidders safe amidst a pandemic. With 100 properties, there are some great opportunities for real estate buyers to acquire property in this rapidly growing county.”
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.
Source: Bid4Assets Inc.