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***Select parcels that do not receive a bid by July 16, 2020 will be re-offered for a reduced minimum bid as low as $2,748.00 beginning July 17th, 2020 at 9:00 A.M. PT***
**Please Note: Our Client Services Department will stay open until 8:00 PM ET (5:00 PM PT) on Monday, July 20th.**
These are all NO RESERVE auctions! Preview Now!!
A single $2,500 deposit (plus a $35 non-refundable processing fee) is required to participate in the Riverside County, CA Tax Sale. **Please note that for Riverside County, all perspective bidders MUST fill out their vesting information before they are allowed to access the deposit instructions.** Your deposit must be received by Bid4Assets NO LATER THAN 4:00 PM ET (1:00 PM PT) Monday, July 13, 2020. Please make your deposit well in advance of the auction in order to ensure your eligibility to bid.
Full payment must be received by Bid4Assets no later than 4:00 PM ET (1:00 PM PT) on Friday, July 24, 2020. - No exceptions will be made. If the payment policy is not adhered to the winning bidder will forfeit their deposit to the County of Riverside and may be banned from future sales.
A California documentary transfer tax will be added to and collected with the purchase price and is calculated at $.55 per each $500.00 or fraction thereof. Additionally, the City of Riverside has enacted the Real Property Transfer Tax Ordinance and charges an additional tax of $.55 per each $500.00 or fraction thereof. Also, a $35.00 per-parcel-won administrative fee will be added to the final sale price.
Only a successful bidder has the opportunity to purchase County assets. If the successful bidder defaults, under California State Law, The County cannot resort to the second highest bidder, and will be required to take APPROPRIATE LEGAL ACTION AGAINST THE BIDDER WHO DEFAULTS.
Create a Bid4Assets account which is required to participate in any county tax sale. The process is quick, free, and easy.
Already have an account? Proceed to Deposit Instructions
Please select the orange “Click Here for Deposit Instructions” link above to submit your deposit. Please review the following additional information on deposits.
Bid4Assets urges all bidders to examine the title, location and desirability of all properties available in this sale to their own satisfaction prior to bidding.
If you are unable to discern desired information about a property through independent research, you are encouraged to contact the County in which the property is located. This information can be found in the “Contact Information” section.
Below you will find a video guide hosted by Bid4Assets CEO providing tips and highlighting best practices for researching tax sale properties prior to bidding for your convenience.
You will find an additional video below demonstrating useful navigation tips for this landing page which can help you prepare for the sale prior to bidding.
When you are ready to bid click “Place Bid” on the auction page.
Enter your bid amount in the Bid Amount box and be sure to agree to all auction terms. At the bottom of the bid window, you will be prompted to reenter your Bid4Assets password as a security measure. A more comprehensive, step-by- step guide to bidding is available by clicking here.
What is an Auto Bid? An auto bid is a maximum proxy bid which is held in confidence by the system. Bid4Assets will use only as much of the maximum bid as is necessary to maintain the bidder's high bid position or to meet the reserve. Please note: If two bidders place auto bids for identical amounts on the same auction, the earlier bid will take priority.
What is Overtime?
Overtime is the extension of an auction’s close time that keeps the auction open as long as there is active bidding on it. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment (typically five minutes) has passed without any bidding. The overtime increment for an auction will be indicated on the auction listing.
How can I Monitor My Auctions?
When participating in multiple auctions at once, it is advisable to only actively bid on one property at a time. You can find a list of properties that you have bid on in the “my bid list” tab of your profile. You will also receive confirmations of your placed bids as well as notifications of being out bid in your message center.
Can I bid on Withdrawn or Postponed Auctions?
No. Auctions must be live in order for you to able to place a bid. If a property is withdrawn or postponed by a county for any reason, it is no longer open for bidding. Please note, Bid4Assets does not have knowledge of why a property is withdrawn or postponed.
At the close of an auction, the highest bidder will be deemed the winner. After all the auctions in the county have closed, winning bidders will be notified in their message center if they have won any auctions. They will also receive details on auction settlement requirements. The winning bidder will see each of the parcels that they won listed as a link to DeedWizard.
DeedWizard allows bidders to provide vesting information quickly and easily for any property they have won and access settlement instructions. Any bidder that does not win a parcel or does not participate in the auction after submitting a deposit will receive a refund.
For questions about the auction and the bidding process, please contact service@bid4assets.com
Additional county information can be obtained at the Riverside County Treasurer-Tax Collector website
For questions about the assets and information that is not listed in the auction, please contact the county at taxsale@rivco.org
All Sales are final. There are absolutely no refunds.
All bidders must be at least 18 years of age.
Research and Inspect Thoroughly Before You Bid.
Prospective purchasers are urged to examine the title, physical location and desirability of the properties available to their own satisfaction prior to the sale.
Properties are sold “AS IS.”
CAUTION - INVESTIGATE BEFORE YOU BID:
The sale of these properties should not, in any way, be equated to real estate sales by licensed salespeople, brokers or realtors. The County of Riverside makes no guarantee, expressed or implied, relative to the title, physical location or condition of the properties for sale.
Delinquent property taxes will be paid from the proceeds of the sale, as they are included in the minimum bid. The current 2019/2020 tax bill which was due by December 10, 2019 and April 10, 2020 is included in the minimum bid.
When consideration or value of the interest or property conveyed exceeds one hundred dollars ($100) a California documentary transfer tax will be added to, and collected with the purchase price. The amount of this tax is calculated at the rate of $0.55 for each $500.00, or fractional part thereof in accordance with the provisions of Revenue and Taxation Code Section 11911. Additionally, the City of Riverside has enacted the Real Property Transfer Tax Ordinance and charges an additional tax of $0.55 for each $500.00 or fractional part thereof.
Prospective purchasers are advised that some liens, bonds or other assessments which are levied by agencies or offices other than the Treasurer-Tax Collector may still be outstanding after the tax sale.
The Riverside County Treasurer-Tax Collector requires that anyone wishing to participate as a bidder at a scheduled tax sale be registered to bid. Registration requirements vary from sale to sale and are announced approximately six to eight weeks prior to a scheduled sale.