Bid4Assets is one of the first-to-market and most successful online real estate auction sites operating today. The company was founded in 1999. The idea for the company came from a real life experience after the founders stood on the steps of the courthouse in Baltimore, MD bidding on a piece of commercial real estate. After standing in the cold for several hours, along with several hundred other people, the entrepreneurs realized there was a better way to manage real estate auctions. Hence, Bid4Assets was conceived.
Bid4Assets auctions below market value real estate and personal property for private investors, government agencies, and a growing list of counties throughout the United States. Since 1999, Bid4Assets has sold over 100,000 properties nationwide.
In October, 2010, Bid4Assets hosted one of the largest online real estate auctions in the history of the United States– over 13,000 properties, located in Wayne County, Michigan, were auctioned due to unpaid real estate taxes.
Bid4Assets is positioned to grow rapidly in the coming months as it works to revamp its website and offer more services to buyers and sellers that result in successfully closing real estate transactions for value priced real estate.