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Bid4Assets has conducted tax sales via online auction for more than half of the counties in Washington. In October, 2010, Bid4Assets hosted one of the largest online real estate auctions in the history of the United States in which over 13,000 properties located in Wayne County, Michigan, were auctioned due to unpaid real estate taxes. [11]
Court auction is an auction which takes place at a public location designated by the court. If a property owner fails to pay the mortgage, the mortgage holder can foreclose on that property. If the owner is unable to make sufficient payments, the property can be sold at auction. The time and place of the auction is published in official records ...
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The Grand Estates Auction lawsuit was dismissed in 2014. [39] Since 2014, Concierge Auctions has been accused of artificially inflating the price of homes allegedly by using fake bidders. [6] In 2017, two real estate investors sued the company in a California federal court for allegedly keeping a deposit on a home in the country of Fiji. [7]
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