YAKIMA, WA--(Marketwired - Nov 23, 2015) - Yakima County is holding its first-ever online sale for properties in tax foreclosure on December 7th via Bid4Assets.com. By shifting the auction process online, the county hopes to reach a wider group of buyers, recoup shortfalls from unpaid taxes, and get more properties back on the tax roll, all while cutting costs for the county and its residents.
"When property taxes go unpaid for years, it creates a challenge for the county and districts, who need these revenues to fund essential services like schools, roads and law & justice," said Ilene Thomson, Yakima County Treasurer. "By conducting our tax sale online, we'll be expediting the entire process and significantly cut costs from our traditional live auction. This greatly benefits the residents of Yakima County."
The sale includes a diverse group of properties, such as homes, multi-family properties, commercial property, vacant land and agricultural property. Properties up for auction are located in or near Buena, Grandview, Granger, Harrah, Mabton, Naches, Prosser, Selah, Sunnyside, Tieton, Toppenish, Union Gap, Wapato, White Swan, Yakima and Zillah. All auctions are no reserve, meaning that the highest bid at or above the minimum bid will buy the property. In addition to the 70 tax-foreclosed properties, seven tax title properties and one county surplus property will also be auctioned off.
"We're excited to be working with Yakima County to take their tax foreclosure process online," said Jesse Loomis, CEO of Bid4Assets. "We bring a vast network of bidders located across the US and even in places like Australia and Europe."
Auctions open December 7th, 2015, at 12:00 PM ET (9:00 AM PT) and close at various times on December 8th. Bidders must fund a $1,035 deposit before they're able to bid on properties and deposits are due by December 1st. You can view the auction, including a list of the properties, at www.bid4assets.com/Yakima1
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.