The Bid4Homes seller community includes a mix of federal government agencies (the U.S. Marshals Service, US Department of Treasury); state and local government agencies; banks (particularly the bank's Real Estate Owned asset managers), real estate brokers, bankruptcy professionals and private sellers.

Bid4Homes is the online marketplace for real estate property only. You may sell residential or commercial property, including land. The sale of timeshare property and bid and assume auctions is prohibited.

If you list property through Bid4Assets, you will only be selling your property using an online auction.

Some properties listed with Bid4Homes will also appear on the RealtyTrac^® site. Decisions about what properties are listed on RealtyTrac^® will be made by the Bid4Homes' support team.

Sellers listing their properties on Bid4Homes will list them using the 3in1 Listing tool. (Click here) for specific instructions. If you will not be participating in the 3in1Listing program you must register your property using the Bid4Assets listing tool.

Remember, it is extremely important that you provide all your requirements for your auction. Included in these requirements are items like how quickly you would like a deposit from the winning bidder and whether or not you allow refunds.

Bid4Homes requires that all first - time bidders complete our New Bidder Authorization process with one exception. If an auction requires a deposit, the bidder may participate in the auction without going through the authorization process. The verification process is from Verid. It significantly decreases instances of internet fraud on our site and our sellers are assured they are doing business with buyers who are who they say they are. The process is free, quick and secure and, if successful, a bid can be placed immediately.

RSA Identity Verification from Verid is an interactive Knowledge Based Authentication (KBA) that provides real-time confirmation of customer identities. RSA Identity Verification presents the applicant with a series of top-of-mind questions utilizing relevant facts on the individual obtained by scanning billions of public records. The technology builds a comprehensive knowledge profile and guides the consumer through an intuitive and interactive process until identity is confirmed.

Verid uses data aggregators to query more than 1,000 databases, such as state motor-vehicle departments and marriage records. Verid's KBA technology presents consumers with a series of personalized questions based on background data derived from a variety of these public information sources. Based on the number of correct answers, Verid assigns a score to the bidder's application. Authorized bidders must score a 90 or above and have no flags for suspicious activity in the past to receive a "passing" rating.

Bid4Homes' secure 128bit encryption technology ensures the safety of the information provided. Bid4Homes does not share any data with third parties and ensures that unauthorized parties cannot gain access to the data. Bid4Homes also does not store the questions and answers from the verification process.

As the seller, you determine the length of your auction. A typical auction lasts between 3 and 7 days, with an optional Preview Period. The length of the auction is set by the seller and varies. Note: During the Preview Period bidders can view the auction listing and the due diligence included in the "additional information" tab, but they are unable to place bids. Note: Government auction for a real estate property may appear on the site longer. Note: During the Preview Period bidders can view the auction listing and the due diligence included in the "additional information" tab, but they are unable to place bids.

A Buyer's Premium is an optional fee that sellers can add to the winning bid amount of an auction to cover costs associated with their auction. The fee can not exceed 10% of the winning bid amount and is included in the total purchase price paid by the buyer to the seller. The buyer's premium percentage is indicated on the auction listing and displayed during the bid process. The seller is responsible for collecting the Buyer's Premium from the Buyer.

In our ongoing commitment to offer a secure environment for our customers, Bid4Homes requires all new private sellers to provide proof of ownership for their first three auctions prior to posting them on the site.

The Preview Period gives buyers time to conduct research on the item before the bidding begins.

Each auction is assigned a unique Auction ID number, located at the top of the auction listing page, for identification purposes.

* Regular online competitive bidding

* "Make An Offer" Auction: Bidders can bid on the item two ways

• If the bidder is willing to offer the Make An Offer price before the first bid comes in, they win the item immediately and the auction ends.
• If a bid is placed prior to a bidder offering the "Make An Offer" price, the "Make An Offer" disappears and the auction proceeds as a regular online auction.
• Make An Offer auctions are identified with the following icon: Notice of Sale: No bidding occurs; serves as an online advertisement to preview assets for sale.