Category: News

In continuation with the City of Detroit, Orbitbid.com alongside Hilco Industrial will host an Online Auction selling Vehicles and Equipment from the City of Detroit. This particular auction is the 5th auction for the City of Detroit to help sell surplus assets that the City of Detroit is no longer utilizing

This one day online auction will take place on Tuesday, May 17th via Orbitbid.com. Featured within this auction will include approximately 75 (2001-2013) automobiles including Ford Crown Victoria, Taurus, Focus, Chevy Cobalt, plus much more; Will also include various lots of auto parts, miscellaneous supplies, and more!

We offer a full range of asset solutions.  We specialize in the acquisition and disposition of distressed and surplus assets.  We provide a wide array of financial solutions for distressed businesses and properties that seek to continue operations or sell as a going concern.  In some cases we tailor our approach to provide a unique blend of reviving profit centers while liquidating non-profitable assets. Over the past 32 years we have served an array of various industries by offering services in valuation, financing, consultations, auctions and much more!

Industries Served

Thursday, January 7th our sister company Repocast.com auctioned off a winning Cash for Life Ticket, however there was one minor detail, the winning bidder was only able to collect the winnings from the ticket for the duration of the original winners life. As closing time approached bids started rolling in and soon the bidding was extended by 20 minutes and finally the winning ticket was sold. After 12 hours of open bid time, the final bid was $40,026 to a man from Greenville, Michigan. After everything was all said and done this was one of the most interesting and news worthy auctions that Repocast.com has ever held!

A lottery winner’s big future will be lost now that he has filed for bankruptcy. On behalf of the United States Bankruptcy Court, Thursday, January 7^th  our sister company, Repocast.com will be auctioning off the rights to receive lottery payments (Cash for Life), $1000 a month for life as long as the debtor lives.

The question that has come up many many times is “will I receive the payments for the rest of MY life?”, and the answer to that is no. The winning bidder on this auction will receive the $1,000 monthly payments for the rest of the original winners life. “This is one of the most unusual auctions out of the thousands we have conducted and this is sure to peak many people’s interest” says Scott Miedema, COO of Miedema Asset Management Group.

“The interesting aspect of this auction is the man’s age, 73, and the other unknown details as to his health and life” Miedema states. This auction is sure to appeal to those who like to play the odds.The rights to receive lottery payments will be auctioned off Thursday, January 7th in a one day online auction via Repocast.com, with the auction opening sharply at 8am.

Want to find out more on this auction? Watch the TV interview with Repocast’s President, Duane Mingerink and FOX17: Cash for Life Interview 

[btn text=”View LOT 2-554129″ link=”http://auction.repocast.com/details.cfm?ID=2450841″ tcolor=”#ffffff” bcolor=”#1e73be” bordercolor=”#444444″ thovercolor=”#ffffff” bhovercolor=”#6e97bf” icon=”kt-icon-hammer” target=”true”]

– Miedema Asset Management Group held our 3rd “Swing for your Cause” golf outing at Greystone Golf & Country Club. We successfully donated $10,000.00 to Make a Wish, Habitat for Humanity, Old News Boys, and American Cancer Society. Great day with great people!

PONTIAC — The city might have just become eligible for a savings account: Tuesday’s auction of Department of Public Works equipment brought in an estimated $1.5 million.
The auction drew bidders from all over the nation, and 600 people were bidding online at one point Tuesday, said City Finance Director John Naglick. Read More

Source: Auction of Pontiac Department of Public Works equipment nets $1.5 million