The Real Estate Investor's Magazine

Bid4Assets to Host Online Tax-Defaulted Property Auction for Los Angeles County Treasurer’s Office

The online sale will open October 21 with over 900 properties starting as low as $1,664

LOS ANGELES, Oct. 12, 2023 -- The Los Angeles County, California Treasurer’s office will conduct its latest tax sale with a leading online auction platform for distressed real estate sales, Bid4Assets, the leading online auction platform for distressed real estate sales. The sale will feature a mix of vacant land of various sizes and acreage. All auctions will have no reserve price, meaning the highest bid at or above the minimum will win the auction.

article continues after advertisement

By conducting the sale online, Los Angeles County is exposing the sale to Bid4Assets’ national buyer base in order to return a greater amount of distressed properties to the tax rolls. Funds generated from the sale support essential county services, which can face shortfalls when taxes go unpaid.

Los Angeles County previously hosted a virtual tax delinquent property sale in April 2023 on Bid4Assets. This sale resulted in 335 properties being sold at auction, with 202 properties being withdrawn from the auction and $13,051,137 generated in sales proceeds. Bid4Assets has been conducting online auctions for Los Angeles County since 2014.

article continues after advertisement

“We’re honored to serve Los Angeles County and help bring greater levels of efficiency to their tax foreclosure sale process,” says Bid4Assets President Jesse Loomis, “Our format is proven to boost local participation, increase auction sales and free-up staff to dedicate more time towards assisting property owners seeking to redeem their property.”

Auctions will open October 21 beginning at 3:00 PM PT and begin closing at staggered times between 8:00 AM PT and 3:00 PM PT on October 24. A free Bid4Assets account is required to participate in the sale. Bidders must submit a $5,000 deposit to qualify for bidding. Deposits are due by October 17. To view a list of available properties, visit www.bid4assets.com/lasale.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

0 members like this

Comment

You need to be a member of REALTY411 to add comments!

Join REALTY411

Welcome to
REALTY411

Sign Up
or Sign In

Or sign in with:

INTERACT AND NETWORK

We encourage you to add photos, blog posts, event invitations and videos to your page! To reach a LIVE person, please email our office at: info@realty411.com

About

Realty411 Magazine created this Ning Network.

Realty411was created in 2007 to serve active real estate investors. Be sure to join our networking site and connect with our VIP readers.

Birthdays

Birthdays Today

Birthdays Tomorrow

RSS

Veteran California Attorney Alphonse Provinziano Co-Hosts First L.A. Conference on International Family Law

Veteran Los Angeles family lawyer Alphonse Provinziano and his firm [www.provinziano.com]Provinziano & Associates will co-host a first-of-its-kind conference in Los Angeles this Saturday, dedicated to resolving complex cross-border issues in divorce, child custody, and family law, including jurisdictional strategies and international estate planning.

The post Veteran California Attorney Alphonse Provinziano Co-Hosts First L.A. Conference on International Family Law first appeared on Realty411.com.

Your June 2026 Residential Lending News

As we cross into the peak summer buying season, the mainstream media is working overtime to capture your attention with sensational, anxiety-inducing economic headlines. But when you drill past the clickbait and look at what is actually happening under the hood, the data tells a much more stable—and encouraging—story for everyday home buyers.

The post Your June 2026 Residential Lending News first appeared on Realty411.com.