Bid4Assets to Host Online Tax-Defaulted Property Sale for Riverside County, California with 152 Auction Listings

Group 1: Tax-Defaulted Property Sale - Riverside County will host its annual tax-defaulted property sale in collaboration with Bid4Assets, starting April 25, 2024, and ending April 30, 2024 [1][2] - The sale will feature over 152 properties with minimum bids ranging from $2,575 for a .18-acre lot to $236,027 for a 2.16-acre commercial parcel [2] - Since 2003, Bid4Assets has facilitated the return of over 7,000 tax-defaulted properties to the tax rolls in Riverside County, generating over $115 million in sales proceeds [1] Group 2: Online Auction Benefits - The online format of the auction combats collusion and increases sales proceeds, making the process more efficient for bidders and county staff [1] - Bidders must register for a free Bid4Assets account and provide a $2,500 deposit plus a $35 processing fee to participate [2] Group 3: Bid4Assets Overview - Bid4Assets is a leading online marketplace for distressed real estate, having sold over 100,000 properties and grossed more than $1 billion in government transactions [3] - The company has been conducting online tax and foreclosure sales for counties across the United States since 2003 [2][3] Group 4: Liquidity Services Overview - Liquidity Services operates the largest B2B e-commerce marketplace for surplus assets, with over $10 billion in completed transactions [4] - The company supports sustainability efforts by extending the life of assets and reducing waste and carbon emissions [4]