Government Properties & Surplus - Great Investing Opportunities
Seized properties and government surpluses are sold through government auctions to the public for low prices as determined by a bidding process. There are government auctions consistently held all across the United States and Canada. No matter where you live, there will likely be government auctions held near by.
Surplus inventory sold at government auctions come from the federal, state, and local governments. Often the government has a large surplus of unneeded items, and will liquidate them to the public at one of their many auctions. This can happen often as the government's equipment requirements are constantly changing.
Quite often many of the government auction items come from businesses declaring bankruptcy. These items can be virtually anything from existing inventory to general assets including furniture, equipment, jewellery, antique items, fur coats, computers, etc.
Seized properties can consist of foreclosures, bankruptcies, criminal properties, etc. These properties can also be purchased at government auctions. Depending on the circumstances the police may seize property if the owner is sentenced to jail.
A property is considered abandoned if the owner dies and has no known relatives alive to inherit, or if the owner walks away from it for whatever reason. This can happen if the owner feels the house is worth less then he currently owes. This has been happening quit often lately in a declining housing market.
You can find out where government auctions are going to be held in your area, as well as the listings that will be available, through the Internet. There are many government auction websites (some are great and some are scams) that charge a membership fee to provide listings and information regarding abandoned/seized properties, and surplus items.
Read government auction reviews on the web to find out where the best membership deals are. This will help prevent you from falling into the many scams that are on the web. - 23208
Surplus inventory sold at government auctions come from the federal, state, and local governments. Often the government has a large surplus of unneeded items, and will liquidate them to the public at one of their many auctions. This can happen often as the government's equipment requirements are constantly changing.
Quite often many of the government auction items come from businesses declaring bankruptcy. These items can be virtually anything from existing inventory to general assets including furniture, equipment, jewellery, antique items, fur coats, computers, etc.
Seized properties can consist of foreclosures, bankruptcies, criminal properties, etc. These properties can also be purchased at government auctions. Depending on the circumstances the police may seize property if the owner is sentenced to jail.
A property is considered abandoned if the owner dies and has no known relatives alive to inherit, or if the owner walks away from it for whatever reason. This can happen if the owner feels the house is worth less then he currently owes. This has been happening quit often lately in a declining housing market.
You can find out where government auctions are going to be held in your area, as well as the listings that will be available, through the Internet. There are many government auction websites (some are great and some are scams) that charge a membership fee to provide listings and information regarding abandoned/seized properties, and surplus items.
Read government auction reviews on the web to find out where the best membership deals are. This will help prevent you from falling into the many scams that are on the web. - 23208
About the Author:
To find the best government auction sites check out government auctions review or more specifically click Seized Property, Government Surplus, and Abandoned Property
posted by X - Men @ 4:00 AM
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