Monday, November 26, 2012

Over 12,000 Properties Sold with $51.8M in Revenue for Wayne County, MI

I am proud to announce the completion of the most successful tax sale in Bid4Assets history!

The Wayne County, Michigan tax foreclosure sale, hosted on Bid4Assets this past October, grossed $51,814,456 in revenue for the Wayne County Treasurer’s Office.

With a 53.5% sell-through rate and 12,049 properties sold, this year’s tax sale has become the biggest online real estate auction in history!

To date, Bid4Assets has helped over 50 U.S. counties recoup over $433 million in revenue from unpaid back taxes.

I’d like to thank all of our participants for helping to make this such a successful sale. I wish you the best of luck with your investments!

Matt Baker, CEO