Virtual Sheriff’s Sales: Fact & Fiction
Auctioning foreclosed property is a sensitive and complicated subject and is also an important role carried out by many sheriffs around the U.S. In response to COVID, Pennsylvania conducted its first virtual sheriff’s sale in October 2020. Less than a year later, nine Pennsylvania sheriffs, ranging from rural counties to suburban to the City and County of Philadelphia, are conducting virtual sales, with more transitioning online. Sheriffs and their civil process staff have a lot of questions on how transitioning online affects their process; will it increase sales, will it attract out-of-town bidders, will it increase or decrease blight and more.
Join Bid4Assets’ CEO Jesse Loomis, who helped pioneer online sheriff’s sales in Pennsylvania for a data-driven webinar on how virtual sales have actually impacted sheriffs, followed by Q&A with attendees.
Jesse Loomis serves as Chief Executive Officer of Bid4Assets, Inc., a leading real estate online auction site that helps sheriffs and other public agencies take their auction process online. Since joining Bid4Assets in 2004, he has been instrumental in helping law enforcement and tax collectors generate hundreds of millions of dollars in sales proceeds.
As a leading expert in online auction strategy, Mr. Loomis regularly lectures, leads webinars and authors articles, and has been quoted on CBS News, NBC News, Yahoo! Finance, and Reuters.com. He holds a B.A. in Economics and an M.B.A. in Marketing and Corporate Strategy from the R.H. Smith School of Business at the University of Maryland. Mr. Loomis resides in the Washington D.C. area with his wife and two daughters.
Bid4Assets is an online auction site based in Silver Spring, Maryland. The privately held company auctions distressed real estate for the federal government, sheriff’s offices, county treasurers and tax-collectors, and financial institutions. Since its inception in 1999, the company has sold more than 125,000 properties nationwide and grossed over a billion dollars in auction sales.