An internet tax sale auction is set to begin on Thursday, April 23, 2024, at 08:00 Pacific Time, lasting through Tuesday, April 28. This auction, hosted on the platform Bid4Assets, will feature approximately 910 properties, including vacant land and residential homes, that are tax-defaulted.
This auction presents an opportunity for prospective investors and homebuyers to acquire properties at potentially lower prices. The range of offerings includes both residential real estate and land parcels that may appeal to various bidders.
To participate in the auction, interested individuals must register in advance. The registration period opened on February 26, 2024, and will close on April 20, 2024. Bidders can complete their registration on the Bid4Assets website. A deposit of $5,000 is required at the time of registration, along with a non-refundable $35 processing fee.
Riverside County officials emphasize the importance of early registration. Prospective bidders are encouraged to complete their registration and submit the necessary payments as soon as possible to ensure eligibility for the auction.
Once the auction begins, properties will close at staggered times, allowing bidders to strategize their offers. Each property will be presented with specific details, enabling participants to make informed decisions before placing bids.
The event highlights the growing trend of online auctions for tax-defaulted properties, providing a convenient alternative for buyers who may not have the ability to attend traditional in-person auctions. This format not only broadens access but also aims to expedite the process of property sales, benefiting both the county and potential buyers.
For further details, interested parties can visit the official auction page at Bid4Assets. This auction represents a significant opportunity for those looking to expand their real estate portfolios or find a new home.
