Seized Property Auctions Are Bargain Hunter Delights!

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!

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.

If a drug dealer uses the money he acquires from drug trafficking to buy a car, truck, boat, even a house, they come under the “seizure law” and will be confiscated. Furniture, jewelry, art, electronics 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.

Posted under Property Auctions

This post was written by admin on January 5, 2009