Riverside, California (PRWEB) January 09, 2013
Don Kent, the Riverside County Treasurer-Tax Collector, announced that his office will hold this year’s tax-defaulted property auction online, and will feature nearly 400 homes, land parcels and timeshares. Bid4Assets, the leading online provider of tax defaulted property auctions, will host the sale.
The online auction will open on Thursday, January 31st and close Monday, February 4th. The list of properties can be viewed at http://www.Bid4Assets.com/Riverside. The tax sale is divided into two property types, with 187 residential home and vacant land auctions, and another 198 Marriott timeshare auctions. A separate deposit in the amount of $1,500 is required to participate in each of the two auctions. Starting bids begin as low as $1,520 for timeshare auctions and $1,822 for homes and vacant land.
In an online auction of a tax-defaulted property, the minimum bid is set at the amount of taxes, penalties and other fees owed to the County. The participant with the highest bid will win the auction and receive the property free of all Riverside County back taxes. Individuals without Internet access may contact Bid4Assets, toll-free at 877-4ASSETS, to request an off-line bid form.
“This is the first year we will be holding our vacant land and homes for auction with Bid4Assets. In the past we had only auctioned timeshare intervals. The Internet is a great tool to reach a wider audience of interested buyers and get more properties back into current status on the tax roll. We hope to attract new investors and owner-occupants from outside the county and put property back on the tax rolls. We look forward to a successful auction with Bid4Assets,” said Kent.
Riverside County is one of several California counties that trust Bid4Assets to facilitate their tax-defaulted property sales. Other counties include Nevada, Lake, Imperial, Merced, Kings, Inyo, Monterey, Fresno, Yolo and many more.
About Bid4Assets, Inc.
Bid4Assets, Inc. (http://www.bid4assets.com) is one of the most successful online real estate auction websites. The company auctions distressed assets for financial institutions, state government agencies, and private individuals. Since its inception in 1999, the company has sold over 97,000 properties nationwide through online real estate auctions and generated $433,747,840 for over 55 counties nationwide.