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ID Verification- Bidders

What is Identity Verification?


Identity verification for bidders is necessary so that Bid4Homes sellers are assured that they are doing business with bidders who are who they say they are. We help fulfill our commitment to provide a secure environment for all our customers by verifying bidders.


How does ID Verification work?


RSA Identity Verification from Verid is a Knowledge Based Authentication (KBA) that provides real-time confirmation of customer identities. RSA Identity Verification is an interactive short process that presents a series of top- of -mind questions utilizing relevant facts about you as an individual. These facts are obtained by instantaneously scanning billions of public records from data sources such as state motor-vehicle departments and marriage records. This technology guides you through an intuitive and interactive process until identity is confirmed.

Why does Identity Verification ask personal questions?


We have found that "out-of-wallet" identity verification is the best way for us to ensure that bidders are who they say they are.

Is the information I provide secure?


Absolutely. 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.

Also, please note that the Verid process does not require a registrant to give their social security number.

What happens if I do not pass the Identity Verification process?


The Verid identification process applies sophisticated analytics to build a comprehensive knowledge profile and create a score for each registrant who goes through the online verification process. If you do not score a 90 or above on the rating scale and/or your registration triggers an alert, you will not be authorized to bid.

If you do not pass the online ID verification, you may request “manual verification”. You may request bidder verification forms from customer service by emailing us at IDVerify@bid4homes.com or by clicking here.

Once you receive the forms and fill them out, you should return the forms by either faxing the documents to 301.650.9194 and writing “Customer Service” on the cover sheet or sending them through the mail. If you choose this option we recommend sending the documents by certified mail. We do not recommend that you email the document back to Bid4Assets because it contains your personal identification information.

After we receive the forms and review them, we will send you email notification letting you know if you are that you are approved to bid on the Bid4Homes site.

I need to update the information I entered when I registered with Bid4Homes. Will I need to go through Identity Verification again?


No, you will not have to go through the ID verification process again. You make changes to the information you provided during registration in MyB4H through the My Profile link located on the left navigation bar. When you try to access MyB4H, you will be prompted to login and then will be able to review and change any information you provided during registration.

I live outside of the U.S. Can I still sell on Bid4Homes?


Because identification verification requires interested bidders to enter a valid U.S. public record information database, non-U.S. citizens are not able to bid on items on the site with some exceptions. We can allow participation by foreign residents if they want to bid on an auction that requires a deposit and the deposit is drawn on an account from a U.S. bank. Please contact Customer Service for more information at service@bid4homes.com or call 1.877.4ASSETS.