Office Of The Wayne County Treasurer Collects Over $ 16 Million With Online Auction
Wayne County, MI (PRWEB) December 14, 2010
The Wayne County tax foreclosed auction was one of the largest online real estate auctions in the United States – over 13,000 parcels were available at the auction– due to unpaid real estate taxes. Partnering with Bid4Assets, a leading online real estate auction site, the county sold nearly three times as many parcels and netting nearly five times the proceeds when compared to 2009 auction, when a traditional on-the-ground auction was held.
According to Wayne County Treasurer, Raymond Wojtowicz, “Bid4Assets provided the expertise and resources we needed to ensure a smooth and successful auction.”
The decision to use the online auction service was a result of the sheer number of properties to be auctioned this year, the demands placed on the Treasurer’s Office reduced staff to provide essential services to the public, and the opportunity to improve revenue through broader participation.
“We are very pleased with the results of our first Internet auction. Bid4Assets.com’s technology and experienced team and the results far surpassed our expectations,” said Wayne County Treasurer Raymond Wojtowicz.
About Bid4Assets, Inc.
Bid4Assets, Inc. (http://www.bid4assets.com) is one of the first to market and most successful online real estate auction sites operating today. Since its inception in 1999, Bid4Assets has sold more than 69,000 properties worldwide. The company auctions distressed assets for private individuals and a growing list of federal and state government agencies. Among them the U.S. Marshals Service, the Department of the Treasury and multiple counties nationwide. Bid4Assets is a privately held company located in Silver Spring, Maryland.
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