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Bid4Assets information


Bid4Assets
Company typePublic
Founded1999; 25 years ago (1999)
Headquarters
Silver Spring, Maryland
,
United States
Key people
Norman Understein (Co-founder)

Rick Zitelman (Co-founder)
Jay French (Co-founder)

Jesse Loomis (President)
Websitebid4assets.com

Bid4Assets, established in 1999, was the first online real estate auction website to operate in the United States.[1][2] The company auctions distressed real estate and personal property for private investors and federal and local government.[3] It has served the United States Marshals,[4] the U.S. Department of Treasury and over 100 counties [5] throughout the United States. To date, Bid4Assets has sold over 125,000 properties nationwide and grossed over $1 billion in sales.[6] In November 2021 Bid4Assets became a wholly owned subsidiary of Liquidity Services, operators of the world's largest B2B e-commerce marketplace. The company is based in Silver Spring, Maryland.

  1. ^ DS News http://www.dsnews.com/articles/bid4assets-sees-increased-buying-activity-2009-05-28 Archived 2011-10-05 at the Wayback Machine
  2. ^ "Bid4Assets.com Review". My Auction Facts. Retrieved 2018-01-14.
  3. ^ Bloomberg Business Week
  4. ^ Washington Business Journal http://www.bizjournals.com/washington/stories/2006/11/13/daily16.html?jst=b_ln_hl
  5. ^ San Francisco Chronicle http://www.sfgate.com/business/prweb/article/Riverside-County-California-Treasurer-Announces-4179124.php
  6. ^ "Bid4Assets to Host First-Ever Online Tax Sale for Iron County, Utah Auditor's Office". PRWeb. Retrieved 2020-10-10.

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