Kern County Case Study

Here is how we assisted Kern County, California:

Situation: Kern County staff was bogged down with the sale of its tax-defaulted real estate, which were sold parcel by parcel in quarterly public auctions. The sale process was time intensive, the bidders were usually limited to the local area, and the County typically sold only 59% of the assets.

Kern Country turned to Bid4Assets in September 2000 to start selling its properties via Internet auction. The County's goals were to reduce the staff time spent on real estate tax sales and increase its tax revenues by returning the properties more quickly to tax-producing status.

Action: Bid4Assets tailors a sales solution for Kern County. Prior to each sale, we feature prominently the County's auctions on the Web site. The Bid4Assets marketing team also develops a targeted marketing campaign that includes direct mail, email & online marketing, and newspaper advertising to attract buyers.

To reduce Kern County's staff administrative time, Bid4Assets posts all due diligence materials such as photos, maps, zoning guides, tax and demographic information online. Post sale, Bid4Assets' proprietary electronic Deed Wizard ™ streamlines the closing process-- making the deed transfer process seamless.

Result: As of February 2007, Bid4Assets:

  • Sold more than 9,500 Kern County properties in online auctions
  • Boosted the success rate of properties sold to 94% -- far above the County's previous average of 59%
  • Generated more than $53 million in proceeds for Kern County

 
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»Case Study: Kern County Tax Sales

Bid4Assets Contact
Tax Sale Coordinator
8757 Georgia Avenue, Suite 520
Silver Spring, MD 20910
E-mail: [email protected]