El Dorado County Treasurer-Tax Collector C. L. Raffety announced the first annual online auction of tax defaulted timeshare properties located in the beautiful South Lake Tahoe area. Specifics of the properties can be viewed at bid4assets.com/eldorado.
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The online auction begins Friday, Nov. 1, and closes Tuesday, Nov. 5. There are more than 224 tax defaulted timeshare properties available online. The process is user friendly and allows for automatic bidding and limits. In order to purchase online, individuals must have a deposit on file with Bid4Assets by Oct. 29 (4 p.m. EST, 1 p.m. PST,) in the amount of $1,030.
Like any auction, the highest bidder wins the bid. Timeshare properties are located in Tahoe Seasons Resort, Tahoe Beach and Ski Club, Lake Tahoe Vacation Resort, Marriott Vacation Club Timber Lodge and Heavenly Valley Townhouses.
In addition to the online tax auction, tax defaulted non-timeshare properties such as acreage and improved parcels will be sold “live” in the El Dorado County Board of Supervisor’s room, 330 Fair Lane in Placerville, on Nov. 1 at 1:30 p.m. The desire to own property in the foothills or in the South Lake Tahoe Area often brings bidders for out of state to purchase at this auction. Bidders should investigate and research the properties with diligence before bidding.
Interested parties for either auction may call the Tax Collector’s office at 530-621-5800 or view the list of parcels up for sale on the Internet at edcgov.us/taxcollector. Also available on the Tax Collector’s website are the rules of the sale and the registration form for the in-person “live” auction.