WEST CHESTER, Pa., Jan. 27, 2022 (GLOBE NEWSWIRE) — Chester County, Pennsylvania held its first on-line sheriff’s sale on Jan. 20. Of the 21 properties that went to public sale, 13 had been offered to third-party bidders, producing $2,491,550 in sale proceeds. In whole, 44 bidders registered and submitted deposits to take part within the public sale. Along with boosting participation and gross sales, the brand new on-line format enabled all contributors to bid remotely, permitting the sale to stay unaffected by exterior elements such because the standing of the Omicron variant.
“Once I took workplace, I promised to search out methods to make use of know-how to higher serve Chester County’s residents and digital sheriff’s gross sales appeared like a device price exploring,” stated Chester County Sheriff Fredda L. Maddox. “Our gross sales had been greater, our employees was freed as much as higher serve our constituents and we didn’t have to fret about public well being issues throughout our public sale. Better of all, these providers got here without charge to our county.”
Within the sale’s two-hour run time, a complete of 281 bids had been positioned. A Maryland purchaser was the one out-of-state purchaser; the remainder had been all positioned within the Commonwealth of Pennsylvania. Bid4Assets has not too long ago hosted profitable on-line transitions for a number of sheriff places of work in Pennsylvania.
“Sheriff Maddox has a status for embracing know-how and bringing innovation to processes which might be overdue to be up to date,” stated Bid4Assets’ President Jesse Loomis. “Chester County is the tenth county in Pennsylvania to enhance their sheriff’s sale course of utilizing Bid4Assets. Even past COVID, you are wanting on the new regular.”
Chester County’s subsequent on-line sheriff’s sale is scheduled for Feb. 17, 2022. To view a listing of accessible properties, go to www.bid4assets.com/chesterfeb22.
Bid4Assets is without doubt one of the world’s main marketplaces for the sale of distressed actual property property offered by governments, county tax-collectors, monetary establishments, and actual property funds. It conducts on-line tax gross sales for counties throughout the nation and has grossed greater than $1 billion in public sale gross sales. Bid4Assets is a completely owned subsidiary of Liquidity Providers.
About Liquidity Providers, Inc.
Liquidity Providers (NASDAQ: LQDT) operates the world’s largest B2B e-commerce market platform for surplus property, with over $9 billion of accomplished transactions to roughly 4 million certified consumers worldwide and 15,000 company and authorities sellers. It helps its shoppers’ sustainability efforts by serving to them prolong the lifetime of property, forestall pointless waste and carbon emissions, and defer merchandise from landfills.
Teresa M. Lundy
Chester County’s subsequent on-line sheriff’s sale is scheduled for Feb. 17, 2022.
This content material was issued via the press release distribution service at Newswire.com.