Seized Property Auctions - For Bargain Hunters Only!
Posted by: KC Nielson / Category: InvestmentSeized property offered through government auctions and police auctions are a bargain hunters dream. The wide range of new and used merchandise sold is astounding, and the prices are as low as 10% of market value!
Exactly what is seized property? This is property that has been taken through state or federal “seizure laws”. These laws allow certain government agencies, such as US Customs, the IRS, DEA, even local police departments. to seize property that was used or acquired illicitly, such as a car or truck used to transport stolen goods or illegal drugs, or property imported improperly.
For instance, if a drug dealer uses the money he made from drug trafficking to buy a car or truck, even a house, it can be confiscated under the “seizure law”. Jewelry, furniture, computer equipment, art all can be seized.
The range and quantity of seized property sold at government auction is enormous. You can buy antiques, clothing, collectibles, tools, medical equipment the list goes on and on. Nearly anything you can imagine can be purchased at these government auctions or police auctions, for a fraction of their real value.
Some of these auction goods are merchandise that was seized by US Customs. The reasons for seizure can be for improper importation or smuggling, or for failure to pay import duties or taxes. Customs will sometimes seize entire cargo containers full of property. Often, these are brand new goods that were headed for store shelves, and are now liquidated through a government auction.
Government auctions and police auctions are carried out separately by hundreds of individual agencies, from federal government agencies like the IRS and US Customs, on down to local governments and municipal sheriffs departments. Each of these agencies will conduct their own auctions, sometimes online, some at specific locations.
How do you go about finding these seized property auction treasures? There are basically two ways to find them. First, you can look through each agency’s listings, but you will spend countless hours since each agency is independent, and auctions change daily. Secondly, you can join a government auction membership site. These compile all the thousands of auctions together through their website. Membership sites vary, so you must check out reviews such as those found at Government Auction Site Reviews.
Seized property auctions are vast treasure troves of merchandise. If you are willing to put in a little time browsing through them, you will find literally thousands of “deals of a lifetime” on just about anything in the world!
Tags: auctions, bargains, government auctions, Investment, investments, items for sale, police auctions, real estate, seized cars, seized items, seized property, seized vehicles, Shopping, surplus property, used cars
