An online auction for approximately 910 tax-defaulted properties in Riverside County is set to commence on April 23, 2024. The auction will start at 8:00 a.m. Pacific Time and will run until April 28, 2024, with closing times staggered throughout the event. This auction, hosted exclusively on the Bid4Assets platform, offers a diverse selection of properties, including both vacant land and residential homes.
Bidders interested in participating must register in advance. The registration period opened on February 26 and will close on April 20. To complete the registration process, participants are required to pay a deposit of $5,000, along with a non-refundable processing fee of $35. It is advisable for prospective bidders to finalize their registration and submit payments early to ensure they are eligible to bid.
The properties available in this auction are part of Riverside County’s efforts to manage tax-defaulted properties. The auction aims to provide opportunities for buyers to acquire land and homes that have fallen behind on property taxes. Interested bidders can view the full list of available properties and register by visiting the official auction site at bid4assets.com/riverside.
These tax-defaulted properties represent a significant opportunity for investors and homebuyers alike. With a total of 910 properties up for auction, participants can expect a variety of options to suit their investment needs. The online format of the auction makes it accessible to a wider audience, allowing individuals from different locations to participate without the constraints of travel.
As the auction date approaches, interested parties are encouraged to prepare thoroughly. This includes reviewing property details, understanding the bidding process, and ensuring all financial requirements are met ahead of the auction. With the chance to acquire properties at potentially lower prices than market value, this event could attract many eager bidders looking to capitalize on the opportunity.
In summary, the upcoming online auction for tax-defaulted properties in Riverside County presents a unique opportunity for investors and homebuyers. The structured process and accessibility of the online platform are designed to facilitate participation and promote transparency throughout the bidding process.
