Proposed RivCo Online Land Auction Up for Vote Tuesday

RIVERSIDE COUNTY, CA – The Board of Supervisors is slated Tuesday to approve an online auction of more than 600 tax-defaulted properties throughout Riverside County.

The Treasurer-Tax Collector's office is hoping that the digital bidding on houses and vacant parcels seized as a result of unpaid property taxes will net the county a minimum of $12.52 million. The auction is scheduled from April 27 to May 2 via the site Bid4Assets.com .

A total 611 properties will be up for grabs. According to Treasurer-Tax Collector documents, minimum bid prices range from a few thousand dollars to more than $350,000 for county-seized real estate.

Locations with high concentrations of properties with unsatisfied liens include Anza, Corona, Desert Hot Springs, Indio, Moreno Valley, Perris and Riverside.

Before a property under lien can be sold off, it must be held for at least five years.

The minimum bid amounts set by the county represent tax and sales costs. According to the Treasurer-Tax Collector's Office, minimum bid prices will be reduced on some properties that do not generate interest in the first round of bidding.

This year will mark the fifth year that the county has resorted to Internet-based auctioning for its entire portfolio of assets with tax liens.

Prospective bidders can view assets and enter bids in April at http://www.Bid4Assets.com/Rive... .

Those without Internet access can request off-line bid forms by contacting Bid4Assets at (877) 427-7387.
A complete list of properties slated to be auctioned off can be found at http://riversidecountyca.iqm2.com/Citizens/Board/1000-Board-of-Supervisors, near the bottom of the Jan. 24 policy agenda.

Anyone who needs additional assistance can contact the Treasurer-Tax Collector's Office at (951) 955-3999.

• ALSO SEE: Keep Abreast of Road Closures Countywide Due to Storm Damage

--City News Service/Morguefile image