Riverside County to Host Annual Tax-Defaulted Timeshare Sale on Bid4Assets
The Californer/10077426

RIVERSIDE, Calif. - Californer -- Online auction site Bid4Assets.com will host its annual internet-based tax sale for Riverside County on 95 Marriott, Shadow Ridge and Westin timeshare intervals. Bid4Assets has hosted Riverside County's timeshare sale and tax-defaulted property sale for over 8 years now and recently hosted a tax sale for the county which brought in over 700 online participants. The online nature of the sale ensures the county can keep up with social distancing restrictions in response to the COVID-19 outbreak.

"We have hosted many sales for Riverside County, but this is obviously an unusual set of circumstances," said Jesse Loomis, Bid4Assets CEO. "There are typically not enough buyers for these timeshares in the local market and Bid4Assets is able to bring a tremendous buyer base to the sale. We have seen no signs of bidding slowing down during this health crisis, particularly since every bidder in our tax sales can participate safely from home.

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There will be 95 timeshares available in this sale for Marriott, Shadow Ridge and Westin resorts. Online bidding will begin May 14^th at 8:00 AM PT and will close on May 19^th, 2020. Auctions will close at  staggered times beginning at 11:00 AM PT. Riverside has selected 57 timeshare intervals to be reduced to a minimum bid of $400.00 and 48 timeshare intervals to be reduced to a minimum bid of $800.00 beginning May 15^th at 9:00 AM PT if no bid is received on May 14^th, 2020. All auctions are no reserve, meaning the highest bid at or above the minimum will win the property.

Bidders must register for a free Bid4Assets account and fund an $800 deposit (plus a $35 processing fee) before they are able to participate in this sale. Deposits are due no later than, Monday, May 11^th, 2020. To view more details about this auction, including a full list of available properties, visit bid4assets.com/riversidetimeshares.

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About Bid4Assets

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 is particularly active with county governments in California, where it has conducted tax-defaulted property sales for the counties of Monterey, Humboldt, Yolo, Napa, Riverside, San Francisco, Imperial, San Diego, Siskiyou, Fresno, Kings, Tulare, Santa Cruz and Los Angeles, to name a few. Since its inception in 1999, the company has sold more than 100,000 properties nationwide and grossed over a billion dollars in auction sales.