Seized Property Auctions Are Bargain Hunter Delights!

Seized property offered through government auctions and police auctions are a bargain hunters dream. The wide range of new and used merchandise sold is astounding, and the prices are as low as 10% of market value!

What is exactly seized property? This is property taken under state or federal “seizure laws”. These laws allow law enforcement agencies to seize property that was used or acquired from illegal activities, was improperly imported into the country, or didn’t have required taxes or duties paid.

If a criminal uses the money he acquires from his crime to buy a car, truck, boat, even a house, they fall under the “seizure law” and will be confiscated. Jewelry, computers, cameras, art all can be seized.

The range and quantity of seized property sold at government auction is enormous. You can buy antiques, clothing, collectibles, tools, medical equipment the list goes on and on. Nearly anything you can imagine can be purchased at these government auctions or police auctions, for a fraction of their real value.

Some of these auction goods are merchandise that was seized by US Customs. The reasons for seizure can be for improper importation or smuggling, or for failure to pay import duties or taxes. Customs will sometimes seize entire cargo containers full of property. Often, these are brand new goods that were headed for store shelves, and are now liquidated through a government auction.

Government auctions and police auctions are held by hundreds of individual agencies, from federal government agencies like US Customs, the IRS, FBI, and DEA, down to your local city government and municipal sheriffs departments. Each agency conducts it’s own auctions, some online, some at specific locations.

So how do you find these seized property auction treasures? There are essentially two ways: first, you can look through listings, but you can spend countless hours as each agency holds it’s own auctions, and they can change daily, weekly, etc. Alternately, you can join a government auction membership site that puts all those listings together in one place. Membership sites vary, however, so before signing up make sure you check out reviews such as those found at Government Auction Site Reviews.

Seized property auctions are vast treasure troves of merchandise. If you are willing to put in a little time browsing through them, you will find literally thousands of “deals of a lifetime” on just about anything in the world!

Click here to learn What Happens After Foreclosure from Helping Foreclosures.