Sale Offers a Mix of Property Types with Minimum Bids as Low as $100.00
The Riverside County, California Treasurer-Tax Collector’s Office will host its newest online tax-defaulted property sale in collaboration with its long-time auction partner Bid4Assets, the leading online marketplace for the sale of distressed government real estate. Online bidding for more than 267 properties will begin April 27, 2023, at 8:00 AM PT (11:00 AM ET) and end May 2, 2023, at staggered times.
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“Last year’s Riverside County tax sale on Bid4Assets brought in 878 total registrants and produced over $15 million in sale proceeds,” said Bid4Assets President Jesse Loomis. “This tax sale is consistently one of the landmark events of the year for Bid4Assets’ registered buyer network. We’re honored to work with Riverside County and look forward to conducting another successful series of auctions.”
Hosting the sale in an online format ensures it remains secure against external factors while exposing available properties to a large statewide pool of buyers. Funds raised from the sale support essential county services.
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Bidders must register for a free Bid4Assets account and fund a $2,500 deposit plus a $35 processing fee before being eligible to participate in the sale. Deposits are due no later than Monday, April 24, 2023. To view more details about this auction, including a full list of available properties, visit Bid4Assets.com/Riversidecounty.
Contrasting asset values are illustrated by the large spread between minimum bids which start as low as $100 for one residential property and go as high as $1,331,087 for a 13.42-acre undeveloped parcel in Temecula assessed at over $3.6 million. All auctions are no reserve, meaning the highest bid at or above the minimum will win the property.
Riverside County has hosted its tax-defaulted property sales online through Bid4Assets since 2006. For more information about this or other auctions, visit bid4assets.com.
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