A seized property auction refers to the sale of property that has been seized by the state or local government. The sale of the property is overseen by state or municipal government officials, and usually takes place where the property itself isolated. This usually takes place in connection with a foreclosure by judicial sale or judicial lien, but it can also involve other laws as well (such a criminal drug case).
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The goods you buy from government auctions are “as is.” Look on the “Terms and Conditions” page before bidding to understand the process. A typical auction page states, for example, that the auction site doesn’t guarantee the quality of the product in any way. Once you bid, you enter a legally binding contract, and you need to follow through with your bid.
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