Whatcom County to Host First-Ever Real Online Auction
BELLINGHAM, Washington, Nov. 19, 2021 (GLOBE NEWSWIRE) – The Whatcom, WA County Treasurer’s Office will host its first ever online sale of tax-defective properties with the online auction site Bid4Assets.com. By moving online, the county exposes the sale to a wider range of real estate buyers in order to return the highest possible percentage of tax-defective properties to the tax rolls. Transitioning the process online will also promote social distancing by allowing all participants to bid from their laptops, cellphones and desktops.
“Bid4Assets.com has a long history of helping a large number of counties in Washington State transition their public auctions online,” said Steve Oliver, Whatcom County Treasurer. “We hope their proven experience will maximize the benefits for our community.”
Auctions will begin on November 29 at 12:00 p.m. PT, with 44 properties up for auction. Auctions will close at staggered times on November 30 starting at 12:00 p.m. PT. Interested bidders should create a free Bid4Assets account and submit a deposit of $ 2,000 by November 22 to Bid4Assets. To view a list of available properties and additional sale details, visit www.bid4assets.com/whatcomtaxsale.
“We are delighted to offer our services to the people of Whatcom County and to conduct their very first online tax sale,” said Jesse Loomis, CEO of Bid4Assets. “The tendering process will be more convenient and accessible than direct sales of the past, and the streamlined process will increase revenues from essential county services, all at no cost to the county.”
Bid4Assets was founded in 1999 and has made online tax sales for counties across the country, including over half of the counties in Washington state, generating over $ 1 billion in revenue for the counties.
Bid4Assets is one of the world’s leading markets for the sale of distressed real estate sold by governments, county tax collectors, financial institutions and real estate funds. It conducts online tax sales for counties across the country and has grossed over $ 1 billion in auctions. Bid4Assets is a wholly owned subsidiary of Liquidity Services.
About Liquidity Services, Inc.
Liquidity Services (NASDAQ: LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $ 8.5 billion in transactions completed, to approximately 4 million qualified buyers globally and 15,000 business and government vendors. It supports the sustainability efforts of its customers by helping them extend the life of assets, avoid unnecessary waste and carbon emissions, and defer products from landfills.
Teresa M. Lundy
E: [email protected]
Phone. : 215-500-8749
Image 1: Whatcom County, WA Seal
A single refundable deposit of $ 2,000 is due before November 22 for those wishing to participate in this sale.
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