U.S. Marshals Service Puts Single Family Home in Columbus, Ohio Up for Auction on the Internet

U.S. Marshals Service Puts Single Family Home in Columbus, Ohio Up for Auction on the Internet

U.S. Marshals Service to Auction a Three Bedroom, Two Full Bath, Single Family Home Located in the Reserve at Hidden Cove Subdivision on the Bid4Assets Web Site

SILVER SPRING, Md., Feb. 11 /PRNewswire/ -- Bid4Assets, Inc., a leading online auction site for forfeited, surplus and tax-defaulted property from federal, state and local government and private industry, today announced that it will auction a single family home in Columbus, Ohio, through an Order for Interlocutory Sale for the U.S. Marshals Service. The online auction opens for bidding February 22 -- February 24, 2005, on the Bid4Assets Web site, http://www.bid4assets.com/USMS. Bid4Assets has been conducting online sales for the U.S. Marshals Service since December 1999 to include residential and commercial real estate, luxury vehicles, aircraft, boats, jewelry, timeshares and financial instruments.

The two-story single family home is located at 2889 Kool Air Way, Columbus, Ohio. The home has three bedrooms, two full baths, one-half bath, dining room with crown molding and library panel, living room with cathedral ceiling, kitchen with ceramic counters and backsplash, den with crown molding and two walk-in closets. Additional features include an unfinished basement, insulated windows, gas fireplace, hardwood floors in the entryway, kitchen and dining area, a patio and a two-car garage attached to the home. The total living space is 2,416 square feet. Utilities include electricity, gas, water and sewer. The home is located in the Reserve at Hidden Cove subdivision which is a gated community.

The minimum bid for the home is $125,500. The U.S. Marshals Service requires interested bidders to submit a $12,550 pre-bid deposit prior to placing a bid on the auction. The pre-bid deposit process is simple and can be completed on the auction listing page on the Bid4Assets Web site.

The home will be available for inspection one time only on Thursday, February 17th, between the hours of 11:00 AM and 12:00 PM ET. Prospective bidders wishing to inspect this property must send their request to inspections@bid4assets.com. Photos, specs and other due diligence information are available online at http://www.bid4assets.com/USMS. Interested buyers can contact Bid4Assets with any questions by sending an email to service@bid4assets.com.

"We have been helping the United States Marshals Service since 1999 to sell a variety of commercial and residential property quickly and efficiently online," said Jenny Lynch, Bid4Assets' Vice President of Marketing and Corporate-wide Communications. "Interested buyers can find all of the information they need to make a purchasing decision online."

About Bid4Assets, Inc.

Bid4Assets (http://www.bid4assets.com/) is the leading online auction marketplace that helps federal, state and local government and private industry maximize returns from the sale of forfeited, surplus and tax- defaulted property. The Company focuses on high-end assets, selling real estate, personal property, financial instruments and bankruptcy claims to a worldwide network of buyers. Bid4Assets provides customized sales solutions such as online, traditional, sealed bid and Web cast auctions, fixed price sales, as well as co-branded Web Sites and branded Private Auction Exchanges. The company is located in Silver Spring, Md., phone (301) 650-9193, fax (301) 650-9194.

About U.S. Marshals Service

The Marshals Service (http://www.usdoj.gov/marshals/) administers the Department of the Justice's Asset Forfeiture Program by managing and disposing of properties seized and forfeited by federal law enforcement agencies and U.S. attorneys nationwide. Currently, the Marshals Service manages more than $878 million worth of property. The proceeds from the sale of forfeited assets such as real property, vehicles, businesses, financial instruments, vessels, aircraft and jewelry are deposited into the Asset Forfeiture Fund and are subsequently used to further law enforcement initiatives.

Exterior and Interior Photos available online at: http://www.bid4assets.com/columbushome.


Source: Bid4Assets, Inc.

CONTACT: Jenny Lynch of Bid4Assets, Inc., +1-301-650-9193, or
jlynch@bid4assets.com

Web site: http://www.bid4assets.com/
http://www.usdoj.gov/marshals


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