The Brief
- Riverside County has greenlit a massive public auction of 946 tax-defaulted properties, with some minimum bids starting as low as $100.
- The sale, approved by the Board of Supervisors, targets properties in default for at least five years across the Inland Empire and Coachella Valley.
- Officials estimate the auction could generate nearly $29 million in revenue to offset unpaid taxes and return parcels to “revenue-generating status.”
RIVERSIDE COUNTY, Calif. – Riverside County is preparing for one of its most significant real estate events of the year as nearly 1,000 properties head to a public online auction this April.
What we know:
The Board of Supervisors unanimously voted on January 13 to utilize the online platform Bid4Assets.com for the sale, which runs from April 23 to April 28.…