The Secret to Purchasing Seized Cars For Under $340

Not many people know that you can buy a vehicle for $339.95 simply by visiting a local government police auction.

Here's how it's done! At the majority of government and police auctions if a vehicle doesn't meet a predetermined opening bid during the auction, it will be put up for sale at the auction's conclusion for $300. This is because the government likes to eliminate any costs involved in storing vehicles after the auction.

The first time I noticed this, I was going through some of the car listings on the site mentioned below (last paragraph) and then I noticed something peculiar. Many of the cars were indiscreetly labeled 'If vehicle does not sell at this auction it can be purchased afterward for $300'.

In fact upon further research including calling a number of the auctions, using the number provided on the Government Auctions site, I was surprised to hear that due to the current recession, cars selling for $300 at these auctions has been increasing. This is because car dealerships cannot obtain credit or sell their current inventory resulting in many more cars available (in great condition) then people there to buy them.

The cost to gain access to these government car auctions with all of the vehicle listings and associated information is $39.95 (so car total is $339.95). It is worth it though, as you get listings of the less obvious auctions with detailed vehicle information for each auction. The membership also contains listings of items such as car parts, jewelry, furniture, home/garden equipment, electronics and even foreclosed homes, all offered for pennies on the dollar.

Once you choose the vehicles of interest from the government auction in your area, then attend that auction and low bid on each vehicle. Better still wait until the auction is over then pick up the unsold vehicle(s) you like for $300. I would recommend calling the auction prior to attending so you have an understanding on their policies regarding this.

You'll be surprised at what you can get for $300. I know, I've purchased 3 cars this way including a older model Beemer in great condition.

To locate these $300 car listings and access a free ebook of how to purchase a used car visit Police Auctions or to locate other government auction products such as foreclosures visit Government Auctions.

Tax Lien versus Tax Deeds and How to Purchase a House for Under $2K

Have you ever considered what the penalty is when a property owner is unable to pay their taxes? Well as you may of guessed the IRS is intolerant and will do whatever is required to retrieve the taxes due, including forcing the buyer to foreclose on their home. On the outside this may seem like a very unpleasant situation, however, there are other sources of alternative financing available to assist this owner. That's where individuals like yourself can profit while providing a possible 'light at the end of the tunnel' for the distraught home owner.

A public property tax sale, also known as 'property tax liens', are auctions organized by local government councils in an effort to dispose of tax debt. What occurs is that the public bids on the debt owed by the property owner. For argument sake say you are the winning bidder. That means you are paying off the tax debt on behalf of the property owner by buying a tax lien certificate which establishes you as the new lender to the property owner. The property owner has to pay you back with interest before the expiration of the redemption period as predefined by the government. This redemption period can be any time between 6 months to 4 years.

The homeowner must then pay the winner back all their money plus interest by a specific date. The date will be determined and agreed upon by both parties. The lender is allowed to raise the interest anytime the homeowner fails to make a payment. If the homeowner continues to fail on the payments, the winning bidder will then be permitted to take over the home and the title. Either by profiting on the interest or by receiving the title to the home, the lender wins both ways.

Obviously, a savvy business person would like the homeowner to be unable to pay back the loan or default on the loan terms, so that they can receive title on the property themselves. It's in the homeowner's best interest to pay their dues on the home and home tax loan, but if their financial situation was bad in the first place, there's is a chance it may not improve anytime soon in this economy. In many cases, all odds are against the homeowner.

In addition to tax lien sales, there are also tax deed sales. Tax deed sales are when the government auctions off the property and title right away, giving the winning bidder immediate ownership. The current homeowners must surrender their home and/or property immediately. They have no choice otherwise. Tax lien sales will give them a chance to maintain their home, tax deed sales will not.

These government auction tax sale opportunities may be the best investments one can make because you actually have a house and/or property that either you own or have as collateral should your lien interest payments not be made. Just reflect on the amount of money you can make by purchasing a tax lien and charging high interest rates, or paying the defaulted taxes, receiving the house and either renting it for a monthly income or reselling it for a healthy profit.

To find sites with the best property tax sale opportunities and receive a free Government Tax Sale Properties Report check out property tax sales or to check out the site's main page page click government auctions.