SOURCE: Bid4Assets, Inc.

Bid4Assets, Inc.

December 04, 2015 08:00 ET

King County to Hold First-Ever Online Auction for Tax-Defaulted Properties via Bid4Assets.com

Online Auction Will Be Held Dec. 9-10, 2015

SEATTLE, WA--(Marketwired - Dec 4, 2015) - King County for the first time ever will utilize an online auction platform to conduct its annual tax-foreclosed property sale. The online auction, hosted by Bid4Assets.com, will include roughly 200 parcels where property taxes have become three years or more delinquent. Bids on these properties start as low as $1,778, and all auctions are without reserve prices, meaning that the properties will sell to the highest bid at or above the minimum bid.

The online auction will feature properties in Seattle, Renton, Bellevue, Vashon, Duvall, Enumclaw, Fall City, Maple Valley, Issaquah, Kent, North Bend, Kirkland, Kenmore, Federal Way and Skykomish.

"It is our hope that the online auction will help streamline the tax foreclosure process, effectively recoup past-due taxes, and make properties available to a larger group of potential buyers. Ideally though, we would like to receive payments from current property owners by the December 8th deadline so that we can remove their property from the auction list," said Property Tax Supervisor Mark Thompson.

 "We're excited to be working with King County and look forward to streamlining their tax foreclosure auctions," said Jesse Loomis, CEO of Bid4Assets. "The online auction will eliminate the need to attend a live auction and allow bidders all over the world to bid on these properties."

Auctions open December 9, 2015 at 9:00 AM PT and close at various times on December 10. You can view the auction, terms of sale and a list of the properties at www.bid4assets.com/kingcounty

About Bid4Assets
Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Md. The privately held company auctions distressed real estate for the federal government, county tax-collectors, financial institutions and real estate funds. Bid4Assets conducts online tax sales for a growing number of counties in Washington, including Benton, Clark, Cowlitz, Island, King, Kitsap, Pierce, Spokane, and Thurston. Since its inception in 1999, the company has sold more than 100,000 properties nationwide and grossed over a billion dollars in sales.

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