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 seized property? Most states have “seizure laws” in place. These laws allow law enforcement agencies to seize property that was used to commit a crime, such as a car or truck used to transport stolen goods or illegal drugs, as well as any real property that was bought with money acquired from the commission of a crime.
For instance, if a drug dealer uses the money he made from drug trafficking to buy a car or truck, even a house, it can be confiscated under the “seizure law”. Jewelry, furniture, computer equipment, 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.
These auction goods can also be merchandise that was seized by Customs. The seizure might be for smuggling, or improper importation, even failure to pay import duties or taxes. The US Customs agency often seizes entire cargo containers full of property. Many times, these consist of brand new merchandise that was originally intended for retail store sale, and are now being liquidated through a government auction.
Government auctions and police auctions are held individually by by each agency, from federal government agencies like US Customs, the FBI, IRS, and DEA, even your local city government and municipal sheriffs departments. Each agency is responsible for holding it’s own auctions, some online, some at specific locations.
How would you actually find all these seized property auction treasures? You can look through individual listings, but since each agency holds it’s own auctions, and change daily, you will miss most of them. A much better alternative is to join a government auction membership site that compiles all those listings together in one place. Since membership sites vary in cost and features, you will want to check out reviews such as those found at Government Auction Site Reviews.
Seized property auctions are literally treasure troves of merchandise. With a little time spent looking, you can find those deals of a lifetime on virtually anything in the world!
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