The online auction will be open for bidding on Saturday, February 23rd and close Tuesday, February 26th. Information for bidders on the property and the county terms of sale can be seen at http://www.bid4assets.com/ContraCosta (see below link for "Additional Info"). A deposit of $1,000, due by February 19, is required to participate in the online tax-defaulted auction. Starting bid prices begin as low as $3,000.
The 122 tax-defaulted properties being auctioned range from vacant land, homes and commercial property in Discovery Bay, Oakley, Bethel Island, Antioch, Concord, Martinez El Cerrito and San Ramon to name a few locations. For those individuals who are unable to access the Internet, they can contact Bid4Assets toll-free at 1-877-4ASSETS to request an off-line bid form.
In an online auction of a tax-defaulted property, the minimum bid is set at the amount of taxes, penalties, and other costs owed to the County, and the highest bid received is the winner of the auction. Bidders are encouraged to conduct full research and due diligence on a property before bidding.
Contra Costa County is one of several counties across the country that uses Bid4Assets for their annual tax-defaulted property sales. Other counties in California include Riverside, Nevada, Lake, Humboldt, Imperial, Merced, Kings, Inyo, Monterey, Fresno, Yolo and many more.