The Right Partner
In 2023, the Pacific County, WA Treasurer’s office was determined to return a group of 27 tax-foreclosed properties to good standing that had previously failed to sell at a live sale conducted on the courthouse steps.
Treasurer Renee Goodin and her staff knew that to return these properties to the tax rolls, they would need to expand their bidder pool and find a way to significantly improve local participation. Ultimately, Goodin and her team decided the time had come to transition their public sales onto a virtual auction platform.
To manage this transition and ensure Pacific County’s sales were in safe hands, they opted to partner with the most experienced vendor in the state of Washington: Bid4Assets.
From July 6 to July 7, 2023, Bid4Assets successfully conducted Pacific County, WA’s first-ever virtual tax foreclosure sale. Of the 27 properties that went to auction, 26 sold with over 600 bids placed in total from a pool of 56 registrants. The sale generated $519,260 in proceeds.
Key Takeaways from Pacific County’s first Virtual Tax Foreclosure Sale
Bid4Assets was able to quickly take a group of Pacific County’s most difficult-to-sell properties and connect all but one of them to a group of motivated buyers. Here’s what this reveals: