|
Buying Goods At Seized Property Auctions
It seems that while everyone knows what seized property auctions are, very few people know enough about the process in order to take advantage of the sales. For instance, it's common knowledge that when goods are purchased with funds gained via criminal activity, the government has a right to seize those goods and dispose of them via public auction. And everyone seems to know that this is a great way to purchase luxury cars, SUVs, boats, and even house for a fraction of their actual value. But do you know anyone who has actually bought something from these seized property auctions? I don't, which is why I've been spending the last few weeks learning all I can about the subject.
First of all, I want to point out that you can buy a lot more at seized property auctions than just cars, boats, and houses. In fact, you can get just about everything under the sun, including jewelry, designer clothing, household goods, furniture, appliances, and more. Remember, anything that criminals purchase with ill-gotten funds is fair game, and of course they were likely to finance every aspect of their lifestyle with dirty money. Therefore, seized property auctions usually feature a vast array of goods that you can buy at deep discounts.
The problem for average consumers is finding out where and when these seized property auctions will be held. One of the best sources of information is the official website of the U.S. Treasury, which lists all upcoming events. You can even subscribe to a newsletter and be notified via e-mail every time there's going to be a new auction. One of the nice things about the Treasury site is that events are broken down according to category, so if you're only interested in buying real estate or autos, you can obtain the relevant listings. The Treasury even offers online seized property auctions, though these are limited in scale. Still, this would be of interest to anyone who is otherwise not able to attend an auction in person.
Another way to discover where seized property auctions are being held is by signing up with a website that tracks these events for you. You often have to pay a small membership fee in order to join, but doing so entitles you to various benefits that you wouldn't get from the Treasury site, including bidding advice, info on secondary sales (where people resell goods they've purchased from government events), and tips on the best ways to find the goods you're looking for.
Now that I'm reasonably familiar with how seized property auctions actually work, I can focus on planning a trip to my first-ever event. I'm in the market for a couple of snowmobiles, as well as a trailer for hauling them, and know that I can get a great deal at a DEA auction that's coming up in my area. Hopefully I'll end up as the winning bidder!
Summary
In fact, you can get just about everything under the sun, including jewelry, designer clothing, household goods, furniture, appliances, and more. Remember, anything that criminals purchase with ill-gotten funds is fair game, and of course they were likely to finance every aspect of their lifestyle with dirty money.
Related Articles
Foreclosed Real Estate
Investment Opportunities
High Return Investment
Related Sites
|
|
