Seized Property and Surplus Property are Treasure Troves of Bargains!

Many government auctions and police auctions consist mainly of seized property and surplus merchandise that come from many sources. What is seized property? This if property seized under state or federal “seizure laws”. Property used during a crime, or payed for by profits from crime, can be seized and auctioned off.

The scope and quantity of seized and surplus property offered for auction is staggering. You can buy jewelery, collectibles, art, houses, planes, cheap used cars… the list goes on and on. Anything you can imagine can probably be bought at a government auction or police auction, usually for pennies on the dollar.

A good source of information about Government Auctions and Police Auctions for seized property and surplus property web sites, which rates them from the best to the worst, can be found at http://www.governmentauctionsitereviews.com

Government Auction Site Reviews Updated

A review site is only as good as it's reviews. And unless the reviews are kept current, they quickly lose their value. One of my favorite sites, Government Auction Site Reviews, has recently updated all of it's reviews, extensively testing over 17 government and police auction membership sites.

Their findings aren't too far off their last update; GovernmentAuctions.org still wins the top spots for listings, currency, and value. Still, it's good to see the reviews updated, as they remain much more useful and credible.

Bank Foreclosures & Preforeclosures
Foreclosure properties offer a way to acquire their homes at incredible prices, sometimes saving as much as 30% to 90% on the price of their home. For first-time buyers or those looking to profit from buying real estate and reselling it at a profit, foreclosures and preforeclosures can be purchased for a fraction of their market value. Before the Internet explosion, finding foreclosure homes meant buying expensive lists or knowing someone with inside information. Websites like those listed below maintain databases of thousands of foreclosure and preforeclosure homes and allow home buyers to search by state and zip code, zeroing in on their target area. This provides potential home buyers with details about the house or property, what the price of the house is, who to contact, and sometimes the address and a photo. Pre-foreclosures are homes or property that are about to go into foreclosure. This is where some of the best deals can be had, before they are seen by every real estate broker and buyer on the planet. These are generally negotiated directly with the owner, who is eager to avoid the hassles of foreclosure. [....read more....]

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...]

Government Auctions - A Specific Type You Need To Know AboutBy Michael Ullman

If you want to use government auctions to get a great deal on a vehicle, then there is a specific type of auction you need to know about. In this article, I will discuss with you this type of auction and also give you some basic strategy strategy on how you can use it to get the best deal on your next week will purchase. After reading this article, your eyes will be opened to a whole new market for vehicles that you probably never knew existed.
The government has to get rid of a certain amount of surplus items in their inventory every year. It's the law. In this inventory are used vehicles of all different kinds. Under the United States General Service Administration Supply Service, the government has an agreement with different manufacturers to auction off their vehicles when the contract ends.
To find out about these vehicles, you will have to visit the official government service administration website. There you'll find a list showing the different make and model, year, and engine displacement of each government vehicle that will be auctioned. As long as you're over 18 and have a valid drivers license, and don't work for the government, you'll be able to bid on these vehicles..... [read more...]

If you're looking to use repossessed car auctions to find a bargain on your next vehicle purchase, then this article will be of interest to you. Specifically in this article I will give you a brief overview about how cars become repossessed and are offered for literally pennies on the dollar. Also, I will discuss with you the best strategies to use at these auctions to make sure you get the best deal. After reading this article, you should be able to go out and locate repossessed car auctions and walk away a winner.
The great thing about repossessed cars is that they are sold notfor a profit motive, but as a recovery motive. The longer these cars sit on government property, the more it cost the government in storage space. This means they're willing to get rid of the car at lower than market value.
A repossessed car has nothing to do with whether it runs well or not. Cars are repossessed because they're not paid for on time, because the owner didn't pay their income taxes or the cars were seized from owners who were engaged in illegal activity. Having a surplus of repossessed cars from these causes means the government wants to get rid of them fast. That's where you come in.

First, you must be aware of when these actions take place. You can either follow your newspaper and look for the notifications in your area, or get on the Internet and gain access to websites that list upcoming repossessed car auctions.

When you buy a car at a repossessed car auction, you're buying it as is. This means that you need to do the proper research to make sure you're not buying a clunker. You should be able to recognize within a certain degree of reasonability whether a car runs well or not. If you can't do this, you'd be well advised to take along an expert with you who can before you make any major purchase.

In conclusion, you can get real deals from repossessed car auctionsbecause the government wants to get rid of the cars quickly, and because most people don't know they can purchase cars this way. This means you get little competition. Just make sure the car you're purchasing can run well, and you'll be getting great deals on your next vehicle purchases.

Government auction Site Reviews offers unbiased reviews of the leading goverment auction sites. We review membership sites providing information and access to Government Auctions, Police Auctions, Government and bank foreclosures, pre-foreclosures, seized & repossessed cars & trucks, and surplus merchandise. With Government Auction Site Reviews we help you take advantage of these liquidation sources without the scams.