Bid4Assets, a wholly owned subsidiary of Liquidity Services, has been selected by the Armstrong County, Pennsylvania Sheriff’s Office to host the county’s first-ever virtual sheriff’s sale. The first sale will be held on October 26, 2023, with 27 properties currently listed. By moving online, the sheriff’s office intends to streamline the auction process and increase accessibility by allowing all participants to bid remotely. The online format exposes the properties to a larger group of potential buyers, increasing the likelihood of third-party sales and excess proceeds for defendants, while reducing the number of properties that lenders will need to purchase.
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