Government-seized Commercial Property Up for Auction on Bid4Assets; U.S. Marshals to Sell Two Commercial Properties in Detroit, Michigan

Apr 24, 2001, 01:00 ET from Bid4Assets, Inc.

    SILVER SPRING, Md., April 24 /PRNewswire Interactive News Release/ --
 Bid4Assets, a leading full-service asset disposition and advisory services
 company, today announced that it will auction real estate in Detroit, Mich.
 that was seized by the federal government.  The online auctions are scheduled
 to begin May 2.  Bid4Assets has been conducting asset sales for the U.S.
 Marshals Service since December 1999 and has sold assets such as 45 acres of
 land in South Carolina, a 1994 Lamborghini Diablo and 30 acres of land in
 Hawaii.
     Bid4Assets is auctioning two commercial/apartment buildings located in
 Detroit, Mich.  The first property is located at 2627 John R. St. in the heart
 of the redevelopment area.  It has 6,134 sq. ft. of commercial space and
 71 apartment units.  The second property is located at 2900 Cass Ave.  It has
 3,578 sq. ft. of commercial space and 14 apartment units.  Both properties are
 located in redevelopment/empowerment zones.  Photographs and other due
 diligence materials are available online at www.bid4assets.com.  Interested
 buyers can contact Bid4Assets with any questions by sending an email to
 service@bid4assets.com.
     "Our government clients are finding that Bid4Assets is able to manage
 everything from pre-sale to post-sale, and deliver the efficiencies and
 convenience of an end-to-end solution," said Tom Kohn, CEO of Bid4Assets.
 "The U.S. Marshals have sold assets on Bid4Assets ranging from promissory
 notes to luxury vehicles to real estate.  We are pleased that we have been
 able help them sell in less time, for less expense and earn higher returns for
 the U.S. taxpayer."
 
     About Bid4Assets
     Bid4Assets, Inc. (http://www.bid4assets.com) is a leading asset
 disposition and advisory services company that sources assets from financial
 institutions, government agencies, bankruptcies and private industry.
 Bid4Assets combines a centralized Internet marketplace with essential offline
 solutions to sell financial instruments, real estate, intangible property,
 personal property and bankruptcy claims to a worldwide network of
 sophisticated buyers more quickly and efficiently than traditional methods.
 Since its launch in November 1999, Bid4Assets has conducted more than 3,000
 auctions for assets in all 50 states.  The company is located in Silver
 Spring, Md., phone (301) 650-9193, fax (301) 650-9194.
 
     Bid4Assets is a trademark of Bid4Assets.com.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X37597481
 
 

SOURCE Bid4Assets, Inc.
    SILVER SPRING, Md., April 24 /PRNewswire Interactive News Release/ --
 Bid4Assets, a leading full-service asset disposition and advisory services
 company, today announced that it will auction real estate in Detroit, Mich.
 that was seized by the federal government.  The online auctions are scheduled
 to begin May 2.  Bid4Assets has been conducting asset sales for the U.S.
 Marshals Service since December 1999 and has sold assets such as 45 acres of
 land in South Carolina, a 1994 Lamborghini Diablo and 30 acres of land in
 Hawaii.
     Bid4Assets is auctioning two commercial/apartment buildings located in
 Detroit, Mich.  The first property is located at 2627 John R. St. in the heart
 of the redevelopment area.  It has 6,134 sq. ft. of commercial space and
 71 apartment units.  The second property is located at 2900 Cass Ave.  It has
 3,578 sq. ft. of commercial space and 14 apartment units.  Both properties are
 located in redevelopment/empowerment zones.  Photographs and other due
 diligence materials are available online at www.bid4assets.com.  Interested
 buyers can contact Bid4Assets with any questions by sending an email to
 service@bid4assets.com.
     "Our government clients are finding that Bid4Assets is able to manage
 everything from pre-sale to post-sale, and deliver the efficiencies and
 convenience of an end-to-end solution," said Tom Kohn, CEO of Bid4Assets.
 "The U.S. Marshals have sold assets on Bid4Assets ranging from promissory
 notes to luxury vehicles to real estate.  We are pleased that we have been
 able help them sell in less time, for less expense and earn higher returns for
 the U.S. taxpayer."
 
     About Bid4Assets
     Bid4Assets, Inc. (http://www.bid4assets.com) is a leading asset
 disposition and advisory services company that sources assets from financial
 institutions, government agencies, bankruptcies and private industry.
 Bid4Assets combines a centralized Internet marketplace with essential offline
 solutions to sell financial instruments, real estate, intangible property,
 personal property and bankruptcy claims to a worldwide network of
 sophisticated buyers more quickly and efficiently than traditional methods.
 Since its launch in November 1999, Bid4Assets has conducted more than 3,000
 auctions for assets in all 50 states.  The company is located in Silver
 Spring, Md., phone (301) 650-9193, fax (301) 650-9194.
 
     Bid4Assets is a trademark of Bid4Assets.com.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X37597481
 
 SOURCE  Bid4Assets, Inc.