Type | Public |
---|---|
Founded | 1999 |
Headquarters | , |
Key people | Norman Understein (Co-founder) Rick Zitelman (Co-founder) |
Website | bid4assets |
Bid4Assets, established in 1999, was the first online real estate auction website to operate in the United States. [1] [2] The company auctions distressed real estate and personal property for private investors and federal and local government. [3] It has served the United States Marshals, [4] the U.S. Department of Treasury and over 100 counties [5] throughout the United States. To date, Bid4Assets has sold over 125,000 properties nationwide and grossed over $1 billion in sales. [6] In November 2021 Bid4Assets became a wholly owned subsidiary of Liquidity Services, operators of the world's largest B2B e-commerce marketplace. The company is based in Silver Spring, Maryland.
Notable auctions conducted by Bid4Assets include:
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase.
An estate agent is a person or business that arranges the selling, renting, or managing of properties and other buildings. An agent that specialises in renting is often called a letting or management agent. Estate agents are mainly engaged in the marketing of property available for sale, and a solicitor or licensed conveyancer is used to prepare the legal documents. In Scotland, however, many solicitors also act as estate agents, a practice that is rare in England and Wales.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state level and no national general sales tax exists. 45 states, the District of Columbia, the territories of Puerto Rico, and Guam impose general sales taxes that apply to the sale or lease of most goods and some services, and states also may levy selective sales taxes on the sale or lease of particular goods or services. States may grant local governments the authority to impose additional general or selective sales taxes.
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. A title search is also performed when an owner wishes to sell mortgage property and the bank requires the owner to insure this transaction.
Regency Mall was a major regional mall in South Augusta, Georgia, United States. Located at 1700 Gordon Highway, Regency Mall was open from 1978 to 2002. It was anchored by J.B. White, Belk, Montgomery Ward and Cullum's, and also featured a three-screen movie General Cinema theatre. Developed by Edward J. DeBartolo and Associates, Regency Mall was Augusta's first shopping mall, opening one week before Augusta Mall.
Rolling Acres Mall was a shopping mall located in the Rolling Acres area of Akron, Ohio, United States. Built in 1975, it originally included approximately 21 stores, with Sears as the main anchor store. Later expansions added several more stores including anchor stores JCPenney, Montgomery Ward, and O'Neil's, along with a movie theater and food court. Montgomery Ward was converted to Higbee's in 1986, and then to Dillard's in 1992, while O'Neil's became May Company Ohio, Kaufmann's, and then finally Macy's. The fifth anchor store was Target, added in 1995. At its peak, the mall had over 150 stores. It underwent a sharp decline in tenancy throughout the 1990s and into the first decade of the 21st century, resulting in the relocation of Target and closure of Dillard's. Macy's and the mall itself both shuttered in 2008, although Sears remained operational until 2011, and JCPenney as an outlet store until 2013. Rolling Acres Mall was publicized after its closure as an example of a dead mall, and non-retail ventures operated out of the former locations of Target, Sears, and Dillard's. The mall was finally demolished in stages between 2017 and 2019, with Amazon building a distribution facility on the former site soon after.
A tax sale is the forced sale of property by a governmental entity for unpaid taxes by the property's owner.
Real estate transfer tax is a tax that may be imposed by states, counties, or municipalities on the privilege of transferring real property within the jurisdiction.
In the United States, a sheriff is the chief of law enforcement of a county. Sheriffs are usually either elected by the populace or appointed by an elected body.
Digital goods are software programs, music, videos or other electronic files that users download exclusively from the Internet. Some digital goods are free, others are available for a fee. The taxation of digital goods and/or services, sometimes referred to as digital tax and/or a digital services tax, is gaining popularity across the globe.
Archon Information Systems, L.L.C. (“Archon”) is a Delaware corporation that provides technology and collection services to government clients.
The northwestern U.S. state of Washington's economy grew 3.7% in 2016, nearly two and a half times the national rate. Average income per head in 2009 was $41,751, 12th among states of the U.S.
Court auction is an auction which takes place at a public location designated by the court.
The Marketplace Fairness Act is proposed legislation pending in the United States Congress that would enable state governments to collect sales taxes and use taxes from remote retailers with no physical presence in their state. Identical versions were introduced into both the United States House of Representatives and the United States Senate during the 113th United States Congress. During the previous, 112th Congress, a bill was considered but expired without enactment.
Local governments are established by the government of Florida and are given varying amounts of non-exclusive authority over their jurisdictions. The law governing the creation of these governments is contained both within the Florida Constitution and Florida Statutes. Local governments are incorporated in Florida by special acts of the Florida Legislature. There are four types of local governments in Florida: counties, municipalities, school districts, and special districts.
A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a government agency with similar authority.
Kohan Retail Investment Group is a shopping mall investment company based in Great Neck, New York. They specialize in malls and retail spaces as well as hotels.
In the United States, the Trustee Sale Guarantee (TSG) is the title guarantee that is issued at the beginning of a foreclosure. TSG helps the foreclosing trustee and beneficiary through the delivery of the information required in ensuring compliance with the statutes of foreclosure stipulated by the state.
George W. Barker was an American businessman and public official in Vermont and Wisconsin. He was notable for his service as United States Marshal for the District of Vermont (1835-1837), Sheriff of Washington County, Vermont (1843-1845), and Judge of Manitowoc County, Wisconsin (1864-1869).
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