| Court orders can lead to the forfeiture of assets, | | | | property it does not need anymore. Basically anything |
| and police raids can acquire valuable property. Not by | | | | it is in surplus of. Including, cars, computers, office |
| any means does the government want to store or | | | | equipment and so on. |
| pay to store this property. Instead, they hold | | | | All these auctions include a wide range of items of |
| government auctions that cheaply gets rid of the | | | | interest to both individual and business alike. They are |
| property, and turn a profit in doing so. | | | | also a good source for marketers looking for |
| The different type of government auctions are: | | | | products to sell online. And are closely guarded |
| 1. Seized Property Auctions- | | | | resources only used by realtors and dealers and are |
| Seized property auctions are auctions that are held | | | | not advertised to the general public, However there |
| to sell off property that may have been confiscated | | | | are online sources that cover all the types of |
| from individuals that had purchased them from illegal | | | | Government auctions around, including surplus, seized, |
| activity, such as a drug dealer for instance. | | | | and unclaimed property auctions anywhere in the US. |
| 2. Tax Seizures- | | | | Government auctions also include a lot of newer |
| In tax seizures the IRS finds individuals that are not | | | | properties, houses, cars, boats, jewelry, art, |
| paying their taxes and their personal items such as | | | | collectibles, coins, electronics, and may other types of |
| cars, homes, jewelry and so on, are confiscated to | | | | property for a fraction of the actual price. |
| sell and settle any outstanding tax liability. | | | | These traditional auctions are simple and easy. You |
| 3. Custom Seizures- | | | | can inspect photos and information early, and in most |
| These seizures are acquired from companies who try | | | | cases, they offer you a complimentary report before |
| and smuggle import items into the country without | | | | you start bidding. Also in some cases there are barely |
| paying import fees, or from people who return from | | | | any attendees there because of the limited |
| foreign vacations and those people fail to declare | | | | advertising of these auctions, and you can most likely |
| their merchandise properly. | | | | purchase the property you want for the amount you |
| 4. GSA Auctions (Government Surplus Auctions)- | | | | want. |
| Now these are where the government auctions off | | | | |