Go to a centralized U.S. government online auction site that allows you to find listings for thousands of auctions that are updated daily. You can find one by using a search engine. Most auctions run for seven days. Once on a site, you can browse between categories, or you can search for specific items. When you see an item that interests you, select it. You will be taken to the seller’s page for more information about the item.
While the chances of you finding and successfully bidding on a luxury sports car, such as a Lamborghini, are slim, a seized-car auction offers you the opportunity to get a great deal on many other vehicle makes and models. By knowing what steps to take when going through the inspection and bidding process, you can greatly improve your chances of getting a great deal on a quality vehicle.
Seized property disputes can sometimes arise for various reasons. For instance, financing and mortgage issues can still arise, as the buyer still needs to find their own financing for the home purchase. Less common are other issues such as title defects and other concerns with the title. Since the sale is usually due to a judicial intervention, quiet title proceedings are usually not involved. However, a quiet title proceeding can be necessary in instances where the buyer discovers a defect with the title.
The New York City Police Department regularly holds online auctions to dispose of seized, unclaimed property and vehicles. The Property Clerk Division works with an outside auctioneer, called Property Room, which specializes in items seized by law enforcement agencies across the country. Online auctions include many high-end items, such as jewelry, rare coins, brand-name clothing, and consumer electronics. Vehicles are also available. Participation in online auctions is free and open to the general public.
This site advertises auctions of seized Real Property for sale throughout the United States and Puerto Rico and includes single and multi-family residences; commercial and residential land; commercial buildings and warehouses; and operating businesses. These properties have been seized and forfeited due to violations of federal laws enforced by the U.S. Department of the Treasury. Participating enforcement agencies include: IRS-Criminal Investigations Division, Immigration and Customs Enforcement, and the U.S. Secret Service. All proceeds from the sale of property are deposited in the U.S. Treasury Asset Forfeiture Fund. This fund helps support continued law enforcement efforts and provide restitution to crime victims.
We accept cash, MasterCard, Visa and debit cards. However, a valid credit card is required in order to bid, even if you will pay with cash. The credit card on file will be charged at the auction close. If you wish to pay with cash, please contact the auctioneer prior to the auction closing at (619) 265-0441. A $25.00 fee will be charged for credit cards that are declined. We do not accept checks, whether personal or business.
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.