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Posts Tagged ‘Seized’

Just about everyday the government agencies across the country seize all manner of personal property because of foreclosure, tax evasion, and criminal activities. These government agencies recover much of their costs for performing these seizures and the associated administrative costs by auctioning off these properties at highly discounted prices.

So how does one of these online government auctions work? Much like a regular auction with the one exception that you do not have to attend in person. The online auction is a relatively new phenomenon but government agencies across the country have seized upon this idea simply for the fact that it reduces the costs. These savings are then passed onto the auction participants in even lower prices for the good offered.

The advantage of using an online auction service for those who wish to participate is the ease of looking through the items being offered, doing research on those items and ultimately bidding from the comfort of home. Winning the auction is much like attending one in person, to the highest bidder goes the spoils. Most of these auctions do have a reserve prices set for each item. This is to ensure that at the least all the administrative costs of the auction are met.

If you do choose to participate in an online government auction here are some of the seized properties you can expect to find.  Read more...

If you have never participated in a free government auction then you are missing out on a lot of really good deals on seized and surplus properties. These auctions are free to the general public and only require that you are at least 18 years old and have a valid driver’s license. There is no cost to participate in these auctions; that is until you make a winning bid.

There are two types of government auctions; the seized property auction and the government surplus property auction. The types of items up for auction at these two types are different because of where they come from but you will find great deals at either type. You will also find auctions that combine a mixture of the two making for a better cross section of stuff to choose from.

A surplus auction is basically an auction of the stuff that federal, state, and local governmental agencies no longer want or need. These aren’t really high end items like you might find at a seizure or repo auction but it is in good shape and can be had for pennies on the dollar. You will find cars, trucks, boats, office supplies and furniture, computers, and in some instances even aircraft.  Read more...

There are many reasons why properties get seized by the government and thus, are auctioned to the highest bidder. The properties that are seized may not only be in the form of a house or business – they might be in the form of a car, boats, bank accounts, airplanes, and even cash.

For one thing, when the owner of the property doesn’t pay his monthly dues, his properties gets seized by the government and are put onto government seized property auctions. Our family experienced this several years ago when sheriffs pounded on our doors in the middle of the afternoon.

They showed us some papers and demanded that we surrender everything to them. Fortunately, they allowed us to move our things out, and we transferred to the property just at the back of our house.

The second reason why properties get seized is that the property that you might be staying in or using might be the evidence of a crime. That is why the government has to get hold of it. In some cases, these properties are returned after the case has been solved – the downside to this is that you don’t know when it will be solved. But properties that are seized for forfeiture can’t be returned anymore.  Read more...

One way for an entrepreneur to benefit and to gain more is to always remember the golden rule of business: to buy low and to sell high. Gaining access to a lot of resources especially online resources, which offers very low prices is a good beginning to increase your profits.

There are several websites that lists government seized car auctions, land properties and other possible items covered under these terms. Since government and other financial institutions’ auctions are not always open to the general public, only those who are direct sources are certainly allowed to buy and bid from them.

That is why, for small-time entrepreneurs or starters in this buy-and-sell business, they are advised to make use of web sites which would sponsor and help them find and buy government seized properties and vehicles.

Here are some of the best sites where you could find the greatest deals and bargains.

Gov-Auctions.org – Government seized cars and property website. This site offers a wide variety of government seized properties, from high class cars, houses, up to surpluses of machines, furniture and office items.

GovernmentAuctions.org – The Official Guide to Government Auctions and Foreclosures. These site offers thousands of properties seized by the state and local government agencies.

SeizedPropertyAuctions.com – The Official Website of Federal Asset Recovery Services. This also has a wide collection of properties seized from liquidation open for auction such as art collection, jewelries, deposits from safe banks, antiques, furs, old coins, not to mention quality cars, boats, real estate, etc.  Read more...

It’s hard to find anyone who doesn’t want to save money when buying big ticket items. There is no better feeling then buying a new car or a piece of real estate and knowing you got a great deal. If you are one of these bargain loving individuals then government seized and surplus auctions could be the perfect place for you.

Every year the government seizes thousands upon thousands of vehicles and other property as a result of criminal activity, tax liens, defaulted loans, and to pay back taxes that are owed. At the same time federal, state, and local governments replace their own properties which leaves them with a surplus of goods that need to be gotten rid of. Because storage space is limited and costly it is in these agencies best interest to get rid of these properties as quickly as possible. The best way to do this is to auction these seized and surplus properties off at discounted prices to the highest bidder.

The government has been auctioning off seized and surplus stuff for years but only those in the know knew about it. This has changed with the coming of the internet which has brought the auction scene to the general public. These auctions have always been open to anyone who wanted to attend but in many cases most people didn’t know about them let alone when and where they were being held.  Read more...