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4045, Big Bear Lake, Ca, 92315
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SB County will
auction over 1000 tax-defaulted homes
Treasurer-Tax Collector Dick Larsen
announced today that the County will hold its annual auction of
tax-defaulted properties through Bid4Assets, the County’s online auction
company. The online auction will open for bidding Saturday, May 16 and
close with staggering dates beginning Monday, May 18 through Friday, May
22. The auction will be available for preview on April 20th at
www.MyTaxCollector.com.
Starting bid prices for this
auction will range from $800 to $195,350. Tax information, maps and other
due diligence material is available for viewing online at
www.MyTaxCollector.com.
In a tax sale auction, the minimum
bid price for a property is the amount of back taxes owed to the County on
the property. “The benefit of a tax sale auction is that tax-defaulted
properties are put back into tax paying status to generate revenue for the
county,” Larsen said. Winning bidders have the opportunity to buy property
at a value. San Bernardino County is one of dozens of counties across the
country that contracts with Bid4Assets for their annual tax sales. Other
counties in California include Del Norte, Kern, Lassen, Modoc, Plumas,
Sierra, San Diego, Siskiyou, Fresno, Kings, Merced, Alameda, Santa Cruz and
many more.
Bid4Assets has conducted online
auctions for San Bernardino County since 2002. Over 12,000 tax-defaulted
properties have been sold for the County through online auctions. “Our
relationship with Bid4Assets has been excellent. Use of their system
provided us with a 95% success rate,” Larsen said.
About Bid4Assets, Inc.
Bid4Assets (www.bid4assets.com)
is the online auction marketplace that specializes in absolute auctions -
real estate starting at $1 with no reserve price. Bid4Assets conducts
online auctions for a growing list of federal and state government agencies,
including more than 40 counties nationwide, the U.S. Marshals Service and
the U.S. Department of Treasury. The privately held company, launched in
1999, is based in Silver Spring, MD and was the first company to auction
real estate through online auctions. Bid4Assets has sold over 59,000 real
estate properties online.
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