Bid4Assets Inc., a leading online auction site for high-end assets from government and private industry, will auction 153 tax-defaulted timeshares for Ventura County, California. The properties offered for sale are located in the Oxnard Beach area of the county. Due diligence materials, including tax information and maps are available for viewing online at Bid4Assets. Minimum bids range from $1,110 - $3,390. Bidders who are unable to bid online can contact Bid4Assets toll-free at 1-877-427-7387 to request an off-line bid form.

Bid4Assets has successfully sold thousands of tax-defaulted properties for several counties in California including San Bernardino, San Diego, Kern, Sierra and Modoc.

“By using the Internet, we are able to reduce administrative costs, reach more buyers and sell a greater number of properties at each sale,” said Bid4Assets Vice President of Corporate Marketing Jenny Monroe. "The ultimate beneficiary is the tax-payer."

Bid4Assets has conducted sales of seized, surplus and non-strategic assets for more than 40 federal, state and local government agencies nationwide. Clients include the U.S. Marshals Service, the Department of Energy, the states of Georgia and Maryland and the County of Kern, Calif.

The online auctions will be held Feb. 13 - 14, 2003 on the Bid4Assets Web site.

http://www.bid4assets.com