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Bid4Assets has conducted tax sales via online auction for more than half of the counties in Washington. In October, 2010, Bid4Assets hosted one of the largest online real estate auctions in the history of the United States in which over 13,000 properties located in Wayne County, Michigan, were auctioned due to unpaid real estate taxes. [11]
It was conceptualized to hold auctions for high-priced real estate between a seller and a group of buyers. Local real estate agents receive 5-6 percent sales commission and Concierge Auctions charges 12 percent to buyers. Auctions range from $2 million to $100 million, but have an average of about $4 million. [10]
The property opened for business officially on December 22, 1997, as the Imperial Palace Hotel and Casino Biloxi. It was the sister property of the Imperial Palace on the Las Vegas Strip, in Paradise, Nevada. When Engelstad died in 2002, ownership of both properties transferred to trustees of his estate, including wife Betty Engelstad.
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
The land entrance side of the Beau Rivage, as seen pre-Katrina in 2002. The name of Beau Rivage was originally meant for the Bellagio casino resort on the Las Vegas Strip, however, developer Steve Wynn of Mirage Resorts changed Beau Rivage into Bellagio, and reserved this name for his new waterfront casino in Biloxi.