Seized Property Auctions - Treasures for Bargain Hunters!
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Seized property sold through government auctions and police auctions are a treasure trove for bargain hunters. There is a vast array of goods, new and used, sold at way below retail, sometimes less than 10% of market value!
What is seized property? Most states have “seizure laws” in place. These laws allow law enforcement agencies to seize property that was used to commit a crime, such as a car or truck used to transport stolen goods or illegal drugs, as well as any real property that was bought with money acquired from the commission of a crime.
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 numbers and types of seized property that is sold through government auctions is mind-boggling. You can buy cars and trucks, boats, antiques, jewelry, office equipment, even aircraft. And they can be had for mere pennies on the dollar.
These auction goods can also be merchandise that was seized by Customs. The seizure might be for smuggling, or improper importation, even failure to pay import duties or taxes. The US Customs agency often seizes entire cargo containers full of property. Many times, these consist of brand new merchandise that was originally intended for retail store sale, and are now being liquidated through a government auction.
Government auctions and police auctions are held by hundreds of individual agencies, from federal government agencies like US Customs, the IRS, FBI, and DEA, down to your local city government and municipal sheriffs departments. Each agency conducts it’s own auctions, some online, some at specific locations.
How would you actually find all these seized property auction treasures? You can look through individual listings, but since each agency holds it’s own auctions, and change daily, you will miss most of them. A much better alternative is to join a government auction membership site that compiles all those listings together in one place. Since membership sites vary in cost and features, you will want to check out reviews such as those found at Government Auction Site Reviews.
Seized property auctions are treasure troves of merchandise for bargain hunters. With a little effort, you can actually find those “deals of a lifetime” for nearly anything in the world!