Todd County to Hold First-Ever Online Tax Sale via Bid4Assets.com

Company Overview - Bid4Assets is a leading online marketplace for distressed real estate auctions, having facilitated over 150,000 property sales and generating more than $1.8 billion in government transactions [4] - It has been assisting communities in transitioning to online tax sales for 25 years, providing a streamlined process for bidders and property owners [3] Auction Details - Todd County, Minnesota has selected Bid4Assets to host its first virtual tax forfeited properties sale, featuring 17 properties with varying minimum bids and no reserve prices [1][2] - The auction will open for bidding on December 16 and close on January 15 [1] - Bidders are required to register for a free account and submit a $250 deposit by January 8 to participate in the auction [3] Benefits of Online Auctions - The transition to an online format increases accessibility for local buyers and broadens the pool of potential bidders, enhancing the likelihood of properties being returned to the tax rolls [2] - The funds generated from the sale will support essential county services, which may face shortfalls due to unpaid taxes [2] - The online auction format allows for more efficient use of staff time and improves availability to taxpayers [3] Parent Company Information - Bid4Assets is a wholly owned subsidiary of Liquidity Services, which operates the world's largest B2B e-commerce marketplace for surplus assets, with over $10 billion in completed transactions [5]