Police Auctions - Cars For $100?By Michael Ullman

We've all heard the claims of cars selling for $100 at police auctions, but what's behind the claims? Did you ever wonder where the seized property and vehicles sold in a police auction or government auction comes from?
Almost every state has what are called “seizure laws”. These laws allow law enforcement agencies to seize property that was used in the commission of a crime or was bought with money that was gained by the commission of a crime. This means that if a drug dealer is arrested, law enforcement can logically conclude that their assets were purchased with illegal drug money. That allows the police to seize cars, trucks, boats, homes, and even jewelry and clothing. This includes property given to family members and friends. If the purchase of the merchandise can be traced back to the offender, it can be seized. If the person is convicted, all of this property will eventually end up in a police auction. The seizure law is a helpful tool for law enforcement agencies, especially against organized crime and drug dealers. ....[read more...]