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PRESS RELEASE / ANNOUNCEMENTS Thursday, May 19, 2016

Santa Barbara County Treasurer-Tax Collector to Hold Its First-Ever Online Auction for Tax-Defaulted Properties via Bid4assets.Com

SANTA BARBARA, CA, May 19, 2016—For the first time ever, the Treasurer-Tax Collector’s Office of the County of Santa Barbara will hold an online auction for tax-defaulted properties via Bid4Assets.com. By moving the auction online, the county is exposing these properties to a wider range of buyers, and at a significantly lower cost than conducting a live auction.
“Using technology in this process is a natural step for the county,” said Harry E. Hagen, CPA, CPFO, Treasurer-Tax Collector of Santa Barbara County. “An online auction allows a wide range of buyers to view and bid on these properties.”
Bidding opens on June 3rd at 8 AM PT, and closes at various times on June 6th.
“We’re thrilled to see Santa Barbara joining dozens of other California counties in bringing their tax sales online,” said Jesse Loomis, CEO of Bid4Assets. “Our platform lets bidders from all across the country and beyond bid on tax-defaulted properties in one of the most dynamic counties in the United States. We are pleased to assist the county in making the process more efficient and more cost-effective.”
Properties include:
• 310 West St Unit A & Unimproved Property, Santa Maria, CA 93458: Residential Rentals, 2 Units, 1 Building – Designed, and Vacant Land. 5,227 square feet (according to public record). Average list price for this zip code according to Trulia is $305,922. The minimum bid is $32,127
• 205 Princeton Pl, Lompoc, CA 93436: 4 bedrooms 2.5 bathrooms home. 6,098 square feet (according to public record). Average list price for this zip code according to Trulia is $309,851. The minimum bid is $57,171
Bidders must register a free Bid4Assets account and fund a $5,035 deposit before they’re able to bid on properties and deposits are due by May 27th. You can view the auction, including a list of the properties, at www.bid4assets.com/SantaBarbara

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