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.
The seized properties offered at these auctions can include foreclosure homes, bankrupt commercial properties, properties owned by convicted criminals, and more. Police have the right to seize a property if the owner is convicted and has to serve time in prison. The most common reason for property being seized is because their owners have neglected to pay their mortgage and/or taxes.
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.
So how can you attend government auctions? You can find out where and when they will be held in your area by searching the Internet. There are numerous government auction membership sites that will offer you details on the abandoned/seized properties, and government surplus items that will be offered in your area.
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.
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To find the top government auction sites check out government auctions review or more specifically click Seized Property, Government Surplus, and Abandoned Property
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