Latest news with #Bid4Assets
Yahoo
4 days ago
- Business
- Yahoo
Bedford County to list properties on bidding website
BEDFORD, Pa. (WTAJ) — Bedford County residents will soon be able to buy real estate online. The county commissioners approved an agreement to allow the Sheriff's office to post properties on a website called 'Bid4Assets'. Bidders can access these sales from across the country and have access to place bids on state and county properties. 'When we have a sheriff's sale, we usually have a sale, and we will advertise it, and then we'll have some type of sheriff sale here [at the courthouse],' Bedford County Sheriff Wayne Emerick said. 'But now with Bid4Assets, the group pretty much goes online, and they go nationwide. People in D.C. or Chicago or wherever can view this and bid on a property.' City manager addresses concerns about Altoona road conditions The real estate posted online will have a bidding price. If the sale goes over the selling price, the county will get poundage back, which is the additional payment over the original selling price. The money going back into the county can help save taxpayers money. 'It broadens more people with the bid. So the chance of making more of a poundage for the taxpayers for their, ability to, save taxes that way because they're getting more money back for the sale,' Emerick said. The county looks to set up its website to post properties in July. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-05-2025
- Business
- Yahoo
Elko County's Latest Virtual Tax Sale on Bid4Assets Results in Nearly 200 Properties Sold
Massive April tax sale leads to 100% sell-through rate ELKO, Nev., May 23, 2025 (GLOBE NEWSWIRE) -- The Elko County, NV Treasurer-Tax Collector's office conducted the county's latest virtual tax foreclosure sale with Bid4Assets, a leading online auction marketplace for distressed real estate sales. The sale, which ran from April 14 to April 18, consisted of 199 properties. All 199 of those properties sold at auction. By conducting tax sales online, Elko County has successfully exposed the county's most distressed properties to a much wider base of potential buyers. This allows for a greater amount of those properties to be returned to the tax rolls. Funds generated from the sale support essential county services, which can face shortfalls when taxes go unpaid. 'The chance to see sale results like this is in part what led us to move our tax sale process online in the first place,' said Elko County Treasurer Cheryl Paul. 'By creating the opportunity for more bidders to participate in auctions, we knew there was potential to return properties to tax-paying status.' Elko County first began conducting tax sales online with Bid4Assets in 2021. Since that time, the county has successfully sold over 750 properties. 'This sale exemplified the benefits of virtual sales, with over 150 bidders participating from 16 states across the U.S.,' said Bid4Assets President Jesse Loomis. 'Elko County maximized their revenues, as well as excess proceeds for property owners. Best of all, they'll never receive a bill for our services This was a win-win all around.' Future Bid4Assets tax sales in Nevada and other states can be found here. 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 150,000 properties grossing more than $1.8 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 McLaughlin Marketing Manager sean@ (301) 562-3427Sign in to access your portfolio
Associated Press
20-03-2025
- Business
- Associated Press
East Baton Rouge Conducts First-Ever Online Sheriff's Sale on Bid4Assets
EAST BATON ROUGE, La., March 20, 2025 (GLOBE NEWSWIRE) -- The East Baton Rouge, Louisiana sheriff's office has selected Bid4Assets, the leading online marketplace for government foreclosure auctions, to host the parish's first-ever virtual sheriff's sale. The first sale is scheduled for April 2. Prospective bidders must register a free Bid4Assets account and fund a $500 deposit to participate. This move follows the successful implementation of online sheriff's sales in several other Louisiana Parishes using Bid4Assets, including Tangipahoa Parish, Ouachita Parish, and Lafourche Parish. By utilizing Bid4Assets, East Baton Rouge aims to reach a wider audience of potential buyers, thereby maximizing the returns on sold properties and benefiting the local community. 'Transitioning to an online platform for our sheriff's sales was a strategic decision to enhance transparency and accessibility,' said East Baton Rouge Parish Sheriff Sid Gautreaux. 'We are committed to serving our community effectively, and this partnership with Bid4Assets allows us to do just that.' Bid4Assets collaborated with sheriffs, attorneys and legislators to help pass Senate Bill 140, which was signed into law in 2023. The bill gave Louisiana sheriffs the option, but not the mandate, to conduct foreclosure auctions online. 'It is an honor to be working with East Baton Rouge Parish on their first online sheriff's sale,' said Bid4Assets President Jesse Loomis. 'We are committed to providing a seamless and efficient auction experience, and we look forward to helping the Parish achieve its goals.' For more information on the upcoming sheriff's sale and to view the list of available properties, visit 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 150,000 properties grossing more than $1.8 billion in completed government transactions. Bid4Assets is a wholly owned subsidiary of Liquidity Services. Contact: Sean McLaughlin Marketing Manager (301) 562-3427
Yahoo
28-01-2025
- Business
- Yahoo
Bid4Assets Integrates with The Sheriff's App to Streamline Foreclosure Sales Data
Integration provides access to foreclosure data for auction participants prior to bidding BETHESDA, Md., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Bid4Assets, the leading online auction marketplace for distressed real estate sales, has partnered with a powerful public safety app from OCV LLC. This collaboration supports sheriffs in their efforts to prioritize public safety, enhance community engagement and transparency, and connect directly with the people they serve. Through this integration, sheriffs who conduct virtual foreclosure sales on Bid4Assets and utilize can now seamlessly post foreclosure sale auction lists directly to the app. This feature allows local auction participants to easily access data on available properties from their smartphones prior to placing a bid, ensuring greater accessibility and convenience. 'Apps like ours exist to empower both sheriff's offices around the country and the citizens they serve,' said Kevin Cummings, partner and chief revenue officer of OCV. 'This integration will ensure that Bid4Assets' auction data reaches participants where they are and create a better line of communication surrounding these sales.' Bid4Assets specializes in transitioning county foreclosure sales to an online platform, enabling participants to bid from any location. This shift increases participation, improves third-party sale rates, and streamlines auction procedures. Bid4Assets currently boasts a database of over 900,000 registered real estate bidders. Users of further benefit from app features such as instant push notifications from their local sheriff's office, the ability to submit tips, and access to critical safety information in their area. 'I see this as a win for every party involved, including bidders and attorneys who manage properties in our sales,' said Berks County, PA Sheriff Mandy Miller who utilizes both Bid4Assets and 'Our office always seeks to innovate and find partners to help us lead the charge in utilizing technology to better serve our constituents.' To participate in Bid4Assets sheriff's sales, interested bidders can register for a free account and submit a bid deposit before the auction date. The deposit amount varies by county. To download the Berks County Sheriff's Office mobile app, visit the App Store or Google Play and search "Berks County Sheriff". 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 150,000 properties grossing more than $1.8 billion in completed government transactions. Bid4Assets is a wholly owned subsidiary of Liquidity Services. Contact:Sean McLaughlinDigital Marketing Managersean@ 562-3427
