Oklahoma is on track to hold its first online mortgage foreclosure sale.
The Sheriff’s Office in Osage County has selected Bid4Assets, an online marketplace for distressed real estate auctions, to host the auction, which will be the first following the passage of a 2022 law that gives Oklahoma sheriffs the option to conduct foreclosure auctions online. No date has been scheduled for the Osage County auction.
“Osage is the largest county in the state, which creates a challenge when it comes to our foreclosure auctions,” said Osage County Sheriff Eddie Virden. “Some bidders have to travel an hour to the courthouse if they want to participate. With our move to a virtual auction format, all citizens can now place their bids from anywhere, on any computer or mobile device.”
Bid4Assets is a wholly owned subsidiary of Liquidity Services (NASDAQ: LQDT), which operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than five million qualified buyers and 15,000 corporate and government sellers worldwide.
Photo courtesy Osage County’s Sheriff’s Office
;
