Pike County Sheriff's Office Conducting First-Ever Online Foreclosure Sales with Bid4Assets.com

Core Insights - Pike County, Pennsylvania sheriff's office has chosen Bid4Assets to conduct its first online sheriff's sales, enhancing accessibility for residents to bid on foreclosed properties [1][2] - Bid4Assets has a long history of facilitating online auctions for government entities, having auctioned over 150,000 properties and generating more than $1 billion in government transactions [3] Company Overview - Bid4Assets is a leading online marketplace specializing in the sale of distressed real estate properties, conducting online tax and foreclosure sales across the United States [3] - The company is a subsidiary of Liquidity Services, which operates the largest B2B e-commerce marketplace for surplus assets, with over $10 billion in completed transactions [4] Industry Impact - The shift to online auctions is expected to help counties raise revenues while reducing costs, as stated by Bid4Assets President Jesse Loomis [2] - The technology adoption for online sales is seen as a significant advancement for sheriff's offices, allowing broader participation in property bidding [1]