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Stock impact report

Bid4Assets to Host Online Tax-Defaulted Properties Auction for Los Angeles County Treasurer’s Office

Liquidity Services, Inc. (LQDT) 
Last liquidity services, inc. earnings: 2/6 06:55 am Check Earnings Report
US:NASDAQ Investor Relations: investors.liquidityservices.com
Company Research Source: GlobeNewswire
LOS ANGELES, April 02, 2024 (GLOBE NEWSWIRE) -- The Los Angeles County, California Treasurer’s office will conduct its latest tax sale on the leading online auction platform for distressed real estate properties, Bid4Assets. The sale will feature a mix of vacant lots including land zoned, residential and commercial acreage. All properties will open at a minimum bid with some properties starting at $1,664. All auctions will have no reserve, meaning the highest bid at or above the minimum will win the auction. By conducting the sale online, Los Angeles County is exposing the sale to Bid4Assets’ national buyer base in order to return a greater amount of distressed properties to the tax rolls. Funds generated from the sale support essential county services, which can face shortfalls when taxes go unpaid. “We’re honored to serve Los Angeles County and help improve their tax auction process,” says Bid4Assets President Jesse Loomis, “Our format is proven to boost local participation, inc Show less Read more
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