Government And Police Seized Property

Government and Police Seized Property

Government and Police Seized Property

Governments all around the world seize properties for a variety of reasons. Properties may include movable assets such as automobiles, immovable assets such as houses, lands and it can even be cash and other financial instruments. Governments mostly seize houses because of the owner of the property not meeting some legal obligation like non payment of dues. The property may also be seized if some kind of a serious crime has occurred in the house. They would surely return the property after the case is finished, but it may take a long time. Government and police seized property includes homes if it is used for some illegal activities such as smuggling.

The government in most cases won’t have the property with itself it auctions the property to the public. There would be some kind of government auction almost every month. The auction details would be advertised in the local news papers and classifieds. Most of the properties sold at these auctions would be of very low cost and the properties can be bought really cheap.

Posted under Property Auctions

This post was written by admin on March 14, 2014

Foreclosed Homes For Sale In Michigan


Foreclosed Homes For Sale In Michigan : Are There Any Homes Available?


Foreclosed Homes For Sale In Michigan


The beleaguered housing market in the United States of America has brought tides of foreclosed homes for sale in Michigan, dislodging countless of families out of their homes and causing the prices of foreclosed houses to plunge. This gives home buyers the chance to finally acquire their dream homes at very affordable prices. If you are planning to buy one, then you’re in luck because buying homes today will not cost you as much as they used to be in the past.

Purchasing foreclosed properties in Michigan can be relatively rewarding because of the amazingly low prices that will give you better chances of catching a unique and amazing deal. But it also comes with a consequence of having to go through a foreclosure proceeding that can be a bit inconvenient on your part.

So it is best to know, beforehand, all the things that you will have to go through when buying foreclosed properties in this part of the US. This includes getting a short glimpse of the real estate laws and an overview of the entire foreclosure procedure.

Posted under Property Auctions

This post was written by admin on March 14, 2014

Pre-foreclosures – Locating the Ideal Neighborhood to Buy a Home

Many people are either losing their homes to foreclosure or walking away because it doesn’t make sense for them to keep making expensive mortgage payments, when the house is worth less then the remaining mortgage. Currently 50% of home sales across the US are foreclosed homes. Although the real estate crisis is worrisome for homeowners, it is providing opportunities for families and investors.

Most real estate investors see this current crisis as an opportunity as it’s the perfect time to buy cheap and hold until the market returns to normal. “There are always opportunities”, explains Donald Trump. “When I first started out in Manhattan, everyone was saying what a terrible market it was”. It’s a good thing he didn’t listen to anyone else’s advice or he wouldn’t be where he is today.

Many real estate experts including Donald Trump agree that now is a great time to invest in real estate and understand that pre-forecloses offer one of the best, if not the best, real estate opportunities.

The main reason to consider buying a pre-foreclosed property rather then waiting until in becomes a foreclosure property is because that way you can buy it from the current owner. This will give you more time to inspect the home as well as developing a mortgage with the bank.

Posted under Property Auctions

This post was written by Julia Clark on March 18, 2009

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

3 Advantages to Purchasing A House Through Government Repo Auctions

Owning a house is crucial especially if you have a family to support. It is a basic need that every family must have. But not all people are capable of owning a house, much more in purchasing one. Most homes of today are high priced; even homes with the simplest designs are quite expensive.

If you’re in need of a cheap house, you can purchase it from a government house auction. The houses offered in such auctions are drab-looking at first, but with little improvements like repainting and cleaning, you can have a good conditioned house free from dirt or dust.

There are advantages in obtaining a government repo house or a foreclosed house, and that includes the following:

1. Cheap property

Houses included in government auctions are relatively cheap compared to their market value and original price. You can make a proposition to a representative if you’re interested in one of the houses in the auction.

2. You need not compensate for license or back taxes

This is a great advantage with repo houses and properties. And take note, only auctions are applicable. Newspaper advertisements of properties being sold are not entitled to this advantage. You don’t have to worry about swindlers or frauds because the house’ title is with the government.

Posted under Property Auctions

This post was written by admin on December 19, 2008