Tuesday, May 01, 2007

FL online tax lien auctions starting June 1st, 12 counties online w/ Bid4Assets

Bid4Assets has taken over 12 Florida counties' tax liens auctions. For more information, please read the press release below. As you know, I have written extensively about Bid4Assets in the book below.

SILVER SPRING, Md., May 1 /PRNewswire/ -- Bid4Assets, Inc., the nation's leader in online auction solutions for federal, state and local government, announced today that twelve Florida County Tax Collectors' offices will conduct their 2007 Tax Lien Sale with Bid4Assets. The Tax Collectors are from returning Bid4Assets' county customers: Brevard, Charlotte, Duval, Escambia, Gilchrist, Sarasota, Sumter, and Walton. Moving their auctions online for the first time are the Tax Collectors of Alachua, Gadsden, Santa Rosa and Taylor.

In Florida, tax certificate sales are held on or before June 1. Bidding starts at 18% and continues downward in increments of .25%. The bidder who offers the lowest interest rate on the debt wins the certificate.

A dedicated, unique website will be available this week for each tax sale and will include information on registration, bidding and deposit procedures and deadlines. The tax sale sites will also provide interested participants with a resource center and a demonstration site to allow participants to familiarize themselves with the auction system. Each County Tax Collector's website will be available at:

Alachua.taxsale.com Escambia.taxsale.com Sarasota.taxsale.com Brevard.taxsale.com Gadsden.taxsale.com Sumter.taxsale.com Charlotte.taxsale.com Gilchrist.taxsale.com Taylor.taxsale.com Duval.taxsale.com Santarosa.taxsale.com Walton.taxsale.com

Bid4Assets entered the specialized Florida Tax Lien market two years ago when the Company partnered with Manatron, the nation's leading provider of property tax solutions for state and local governments. Manatron has a strong presence in Florida, currently serving more than 25 Tax Collectors. The combined services and expertise of the two companies provide Florida Tax Collectors with a simplified and automated tax sale life cycle, from billing and collection, to auction and settlement.

In 2006, Bid4Assets auctioned 46,591 delinquent certificates with a face value of $68,197,655 for eight Florida County Tax Collectors. The previous year, Bid4Assets managed the Tax Sales for five Florida County Tax Collectors.

About Bid4Assets, Inc.

Bid4Assets.com is the largest seller of tax-defaulted properties on the Internet. Bid4Assets conducts online auctions for a growing list of federal and state government agencies, including more than 40 counties nationwide, the U.S.Marshals Service and the U.S. Department of Treasury. The privately-held company, launched in 1999, is based in Silver Spring, Md.

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