Regional News

DOUGLAS COUNTY TREASURER TO HOLD ITS FIRST-EVER ONLINE AUCTION FOR TAX-DEFAULTED PROPERTIES VIA BID4ASSETS.COM

Nov 23, 2016

For the first time ever, The Treasurer’s Office of the County of Douglas will hold an online auction for tax-defaulted properties via Bid4Assets.com. By moving the auction online, the county provides immediate access to potential buyers with information on properties up for auction. This saves time for the buyer, while providing a wider range of participants.

Transitioning to online auction is a natural step for Douglas County. Other counties’ success with online auctions reinforced the decision for Nona Haberman, Treasurer of Douglas County. Providing a wider group of bidders and giving new people the opportunity to own property in Douglas County is a positive change. The tax revenues are essential to support the county services.

Bidding opens online on December 6^th at 9 AM PT, and auctions close at various times on that afternoon.

“We’re excited that Douglas County has made the decision to take their tax foreclosure process online,” said Jesse Loomis, CEO of Bid4Assets. “Our platform brings a tremendous number of bidders from across the country to a group of properties that were previously only available to local bidders at a live auction. Online sales are cheaper and easier, return more properties to the tax rolls, and generally bring higher prices.”

Properties in the auction include:

An 80-acre vacant land property with a minimum bid of $2,834
A property located on SR 173 that consists of 34 acres of land with improvements with a minimum bid of $4,802
A residence located on 1^st Street NE on a half-acre of land with a minimum bid of $12,690

Bidders must register a free Bid4Assets account and fund a $1,035 deposit before they’re able to bid on properties and deposits are due by November 29^th. You can view the auction, including a list of the properties, at www.bid4assets.com/douglas