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Wayne
County
Online
Property
Auction
Registration
Now
Through
Sept. 9,
Bidding
starts
Sept. 16
More
than
14,000
Properties
Up For
Auction,
A 15%
Increase
From
2010
DETROIT
- Over
14,000
parcels
of
property
will be
offered
for
purchase
as Wayne
County
Treasurer
Raymond
J.
Wojtowicz
conducts
the
second
annual
online
auction
for tax
foreclosed
properties.
“Foreclosure
is the
last
resort
when
taxpayers
will not
or
cannot
pay
their
property
taxes.
If
foreclosure
is
necessary
I am
required
by state
law to
sell the
property
and will
do so
this
year
again
online,”
explained
Treasurer
Wojtowicz.
Residential
and
commercial
properties
to be
sold are
located
throughout
Wayne
County.
The
record
number
of
auctioned
properties
represents
an
increase
of more
than 15%
compared
to last
year. As
in 2010,
Bid4Assets,
the
online
auction
service
provider,
will
conduct
the
auction.
There
will be
no
auction
activities
at the
office
of the
Wayne
County
Treasurer.
Auction
dates
are
September
16
through
September
22. To
be
eligible
to bid
for
properties,
those
interested
must
register
by
paying
the
required
deposit
and
filing
the
necessary
information
at
www.Bid4Assets.com.
Auction
registration
is now
open and
must be
completed
by
September
9. Those
without
computer
access
should
call
1-877-4-Assets
(1-877-427-7387)
for
information
on how
to
register
and bid.
Terms
and
Conditions
of Sale
as well
as a
list of
auction
properties
are
available
at
www.treasurer.waynecounty.com.
All
bidders
must
register
by
submitting
a $1,035
deposit
which
includes
a $35
processing
fee with
Bid4Assets.
Should a
bidder
be
interested
in
bidding
for more
than one
property,
a
deposit
of $5035
is
required.
Payment
must be
made by
Cashier’s
Check or
wire
transfer.
All
deposits
will be
returned
for
non-winning
bids.
“By law
the
minimum
bid for
properties
in the
auction
must
include
the
unpaid
taxes
together
with
penalties
and
interest,
and the
cost of
the
foreclosure
process.
It is
our goal
to
collect
enough
funds to
continue
supporting
essential
county
services
such as
police
and fire
protection
as well
as
schools
for our
children,”
Treasurer
Wojtowicz
noted.
“In
conducting
the
auction
we made
sure
that the
process
is
accessible
to
everyone
who
wants to
participate
and to
increase
much
needed
revenue
for our
local
communities.
We truly
hope
that the
people
of
Michigan
will buy
the
Wayne
County
properties
and help
shape
the
future
of
Michigan.
This
represents
real
investment,
real
ownership,
real
Michigan
at
work,”
said
Wojtowicz.
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