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GovernmentAuctions

 Assorted Gold JewelryWhat better way to start off the day than to tell you about this amazing online jewelry auction now taking place, courtesy of the U.S. Marshals! Included in this massive lot of assorted 10K Gold, Silver, and Diamond un-appraised jewelry are the following items: one 10K gold necklace; one silver and diamond heart shaped ring; one silver and diamond heart shaped pendant; one 10k gold double heart diamond shaped ring; one silver and diamond heart pendant; 10k gold earrings one 10k gold pear shaped ring; one 10k gold heart shaped bracelet, and much much more! They appear to be in good condition but strongly suggest you come and inspect them in person. The current asking price for this auction is currently $400 with only 2 bids placed. This auction will be ending on July 22nd so be sure to activate your free trial.

 

GovernmentAuctions.org

GovernmentAuctions

 Subwoofers and ElectronicsCheck out this auction deal at GovernmentAuctions.org for a massive lot consisting of various sub woofers and electronics equipment all for your car! Included in this auction are the following items: 4 12 inch Kicker CVR Subwoofers with sub box, 1 Autotek Mean Machine M4000, 4 channel power amp audiopipe (2,000 watts), a Soundquest 5 power capacitor, Teknique video screen, Power Acoustik multi-media player PD-931, Teknique left Visor LCD monitor, Teknique right Visor LCD monitor, and much more. These items are all in very good condition with no stated defects. The current price for this lot is just $858 with no bids as of yet. This auction will be ending in just just a few short weeks so be sure to activate your 3-day free trial account now if you’re looking for an affordable way to soup up your ride!

 

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GovernmentAuction

GovernmentAuctions.org’s® Foreclosure Investing Tutorial

A Straightforward Tutorial on Foreclosures, Pre-Foreclosures and REOs

How Does the Foreclosure Process Work?

To start, when an individual takes out a mortgage to buy his or her house the bank gives the individual a loan, but secures it with the real estate in question. Thus, whenever you take out a mortgage, you execute two documents: one is the actual note for the mortgage loan, and the other is the security agreement specifying that, in the case that you default on your mortgage payment, the bank can foreclose on the real estate you are buying and that you put up as a security.

If, Heaven Forbid, one does end up in serious default with mortgage payments, the bank will prepare, send, file, and record a document known either as Notice of Default or a Lis Pendens, the latter meaning literally that a lawsuit is pending. These documents simply let the outside world know that a foreclosure action has begun.

The two documents for the most part mean the same thing, except that a Lis Pendens is utilized in states when there are judicial foreclosures – that is, where the court is involved in the foreclosure process – and a Notice of Default is utilized in states with non-judicial foreclosures – where court is not involved, and where instead once certain requirements are met, the lender can conduct the foreclosure on its own. (Some states — commonly known as hybrid states — also have a mix of a judicial and a non-judicial foreclosure processes.)

Pre-Foreclosure Stage: The First Buying Opportunity

Find Pre-Foreclosure’s at GovernmentAuctions.org®

The period from the time of the Notice of Default or Lis Pendens, to the actual foreclosures sale is the first stage of foreclosure, and the first opportunity for the general public to buy up potential real estate bargains. Here, one can approach the owner of the property and offer to buy the house before it gets sold at the foreclosure auction. Buyers can actually get a great bargain here by offering the homeowner less than the equity the homeowner has in the house. This way, the homeowner can avoid losing the house completely, and can even walk away with a little cash in his or her pocket. This is a very lucrative stage to buy. Your bargaining leverage at this point is tremendous because:

  • if the homeowner lets the home go to foreclosure, he/she will lose it completely;

  • the homeowner’s credit will be ruined;

  • and if the subsequent foreclosure auction does not fetch enough of a price, the lending bank can go after the homeowner for a deficiently judgment;

You, on the other hand, can walk away with a great bargain!

. . . Activate Your Account With GovernmentAuctions.org® . . .

Foreclosure Auction Stage: Second Buying Opportunity

If the owner is unable to sell the property before the auction takes place or if the default is not otherwise cured before the scheduled foreclosure sale, the house will go to sale and the referee or trustee (in many cases, the county Sheriff) will sell it to the highest bidder to attempt to cover the outstanding mortgage balance plus expenses. This represents the second stage of the foreclosure process, and yet another opportunity to buy up a bargain property.

Once the date of the auction is at hand, the trustee will auction the house off to the highest bidder. At this time, most banks and other lenders will pay off any outstanding debts such as property taxes or amounts owed to the IRS so to be able to to sell the foreclosure real estate with a clear title. You should also know that most often, the bank will submit a credit bid, which is simply the outstanding loan amount (along with any other out-of pocket costs), and so the bidding will not begin from zero.

That having been said, buying property at a foreclosure auction is an experience unlike any other in purchasing real estate. Although it can be a risky venture, it can often also be very lucrative. Consequently, while you should try to participate in foreclosure auctions, first-time and inexperienced investors should tread very carefully. In contrast to an ordinary real estate sale, most times a potential buyer will not even be allowed to inspect or survey the property prior to the auction. Partially as a result of that, and owing partially to the fact that one will have to come up with the entire purchase price in cash over a short period of time, a purchaser at a foreclosure auction would likely have to find nontraditional financing and then later refinance to a more traditional mortgage.

Find Foreclosures at GovernmentAuctions.org®

Although very rare, buying real estate at a foreclosure auction comes with at least the theoretical possibility that the former owner will exercise his/her right of redemption by coming up with the cash to buy the house back within a certain allocated period of time after the foreclosure sale. (Although many jurisdictions do not have right of redemption provisions.) Another warning is that the IRS also has several months to redeem the property if back taxes are owed. But this rarely happens, and if back taxes are indeed owned, and the bank has not taken care of this prior to auction, you can always calculate it and figure it into your bidding price. The bottom line is that you should be aware of the aforementioned pitfalls, but these same characteristics of a foreclosure auction that make it an inconvenient and somewhat burdensome process are what keep many reserved or timid bidders away, and therefore allow you to bid on the property with less competition.

If you decide to attend this type of auction you’re probably curious as to where they’re held. Foreclosure auctions are typically held at the property’s local courthouse or at the property itself (although this is rare.) If you’ve never been to an auction, when a property goes up for foreclosure auction, the competition can initially seem intimidating. Don’t let this discourage you because purchasing real estate this way is ultimately very lucrative, and that’s why investors and others do it. If you’re interested in attending a foreclosure auction you should consider the following:

  • Investigate the condition of the foreclosed property and along with that make sure you research any existing debts such as liens, unpaid taxes and previous construction debts that were not taken care of by the bank.

  • Scope out any possible land use issues such as zoning problems or toxic waste.

  • Find out ahead of time the auction rules and make sure you have a good handle on how the auction process works. One way to do this is to sit in (without bidding) on some foreclosure auctions ahead of time.

  • Do all the calculations, decide, taking all potential costs into consideration, what your maximum offer will be in advance, and make sure not to go above it under any circumstances.

  • Arrange for any financing you may need ahead of time with short-term lenders (sometimes known as hard-money lenders) with a view towards flipping or refinancing later.

. . . Activate Your Account With GovernmentAuctions.org® . . .

 

REO — the Last Stage of Foreclosure: Third Buying Opportunity

When a property does not fetch a high enough of a price at a foreclosure auction – and there are various reasons for this – the bank or lender will take the property back, and if they are an institutional lender, the property will become known as an REO (Real Estate Owned) property.

These lenders aren’t usually too interested in keeping the REO for a very long, since banks are not in the business of managing real estate, and are therefore anxious to liquidate these properties as quickly as possible. This presents yet another opportunity to, once again, get a potential bargain on real estate.

Investors who consider purchasing an REO usually have two distinct advantages that they would not have had they instead been dealing with a property at a foreclosure auction. First, the benefit of buying in the REO stage is that you are able to inquire and ultimately buy the property at your convenience with no auction deadline to work with because these properties are listed with real estate brokers and, for the most part, sold just like any other property. The other big advantage of investing in an REO is that you have the option of inspecting the property thoroughly before you actually close the deal, which, as mentioned above, is an option you do not ordinarily have in a foreclosure auction. You have the liberty to walk through the property and make all sorts of inspections without annoying the seller – in this case, the bank since it will help them get rid of the property. To be sure, the bank stands to gain from a quick sale because by liquefying their real estate holdings banks can reinvest that money back into the bank’s main business of lending. Further banks will typically want a quick sale so as not to prolong real estate management expenses longer than necessary. The traditional nature of the selling process in a REO combined with the bank’s sense of immediacy makes the REO stage a great one for beginners to take a successful plunge into the real estate investment business.

. . . Activate Your Account With GovernmentAuctions.org® . . .

 

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GovernmentAuctions

How To Make Money At Government Auctions With The Help of GovernmentAuctions.org®

Making money at government auctions can easily be achieved by anyone. Having the resources and doing personal research will surely increase your chances of getting a great deal at a government auction.

The first piece of information that one should have before even thinking about making money is to know what type of government auctions are available to someone such as yourself.

The two main categories of auctions are seized property auctions and surplus auctions.

Seized property auctions derive from many different levels—criminal seizures, tax seizures, customs seizures, police seizures, sheriff sales, and tax sales.

The government obtains a steady flow of properties, cars, jewelry, electronics, and much more from many different avenues. They can seize a criminal’s stolen assets, take control of items that were trying to be smuggled illegally through an airport, or seize any asset that was not paid for via government taxing.

Surplus property auctions are in essence an outlet for local, state, or federal governments to sell items that they don’t have any more use for. These items can range from goods to automobiles to properties.

A surplus auction is a great opportunity for the public to bid on items that they might need or want to sell, that the government has an excess of. For example, if the U.S. Army has a new issue or model of a Hummer that they are going to establish throughout that branch of military, they might have a surplus of older model Hummers that they want to get ride of. This is where you come in. At this surplus auction, you have the opportunity to win these items and essentially turn a profit if you know the right place to flip them.

Want a Hummer? Find one with the help of GovernmentAuctions.org®!

After you know which auction is suitable for your needs, you must then decide on the type of assets you would like to obtain in an auction. When trying to make money at an auction, it would bode well for the prospective bidders to have a general understanding of the items that will be up for auction.

Research is key to snagging a great deal. If you are looking to bid on a car, then make sure you know everything there is to know on that specific model and make of the car. This type of research will set you up to make a much more informative bid on the day of the auction. Keeping notes on an item will keep your bidding mind state at ease. If you are to go into an auction with no prior knowledge of the item, you might end up buying the asset for retail value or overpaying for something you thought you were going to get a deal on.

Lets say for example, you are looking to bid on a car at a government auction. Doing your homework will help you land that dream car for much less then what it’s worth. Check anything and everything about recent sales of this automobile. Check the Kelley Blue Book value and Carfax report. You may also want to check other auction outlets, such as eBay, and see how much this exact model is selling for at online auctions, not sponsored by the government. If you know the numbers, and have a general understanding of how these auctions work, you could easily do well for yourself that day.

Setting a price limit for yourself should be the motto you live by when you’re trying to make money at government auctions. Keeping a price range in your head, and sticking by those numbers no matter what, will help you have a profitable outcome when you are bidding on any item.

One of the most common sales at government auctions is property. Winning a property auction could be your ticket to scoring a huge deal. No matter if the property is to start a new home for yourself, or just for investment purposes, research is the answer to a real profit. Before bidding on a property, find out specific and precise details of the property you want to acquire—area, size, room number, and value are definitely aspects of the property you should consider before bidding.

Knowing your own financial situation is vital in buying a property. Can I afford this home? Do I have a steady flow of income to stay afloat while I pay off this property? These types of questions will benefit your thought process before the actual auction. On many occasions, you could end up obtaining a home that you never thought you could have in your current financial bracket.

There are other crucial questions you need to consider before bidding on a property. Do I have enough money for the initial down payment? Will I mortgage this property? Are the taxes too high for my living arrangements? Is there resale value in this property? Consider all your options before making any rash decisions.

Interested in purchasing a home or property? Do so with the help of GovernmentAuctions.org®!

You will not be alone at these auctions—so you must not act like you are. Keep your eyes and ears open at all times. Missing a bid or a piece of information might damper your chances at scoring your desired item. Get there early, and you will have far fewer people to battle with at these auctions. Also, another way to snag a good deal is to wait for the end of the day auctions. People have most likely already exhausted all their money and efforts into the earlier auctions. Come early and stay late—it might be highly beneficial if you are looking to make money that day.

A common misconception about auctions is thinking the auctioneer has the power. You cannot get fooled or persuaded into settling for a value that you do not wish to spend. Only let yourself and the other bidders dictate the flow of the auction. 

Lack of experience at an auction can be harmful in your quest to make a profit. But, do take your first auction outing as a learning experience. If you don’t do so well the first time around, make the correct adjustments and go back to the drawing board. After you again do the research, which might be time consuming, you will have a better understanding of the world of government auctions. Like anything else, auction bidding takes practice and precision move making—so don’t be afraid to get your feet wet. Learn from mistakes and you will find the bargains you have so desperately been hunting for.

Use GovernmentAuctions.org® in order to find the auctions, which will bring you money!

 

 

GovernmentAuctions.org

GovernmentAuctions

 2011 Champion Mobile HomeYou don’t have to pay over a thousand dollars for a Apple Macbook Air laptop. In less than two days you will have the chance to bid on a used Macbook Air, as well as a a few accessories and other throw-ins, at an online government auction. This lot consists of a Macbook Air computer, T-mobile Air Card for Macbook, Cisco wireless router, Arris router model M502GCT, Samsung cell phone MODEL SCH-U360, Brookstone reading light, and pink Kate Spade Ipod case. The items appear to be in good, working condition, but you will be allowed to contact the auctioneer for more information once you sign up on our website. Click here to activate your free trial.

 

GovernmentAuctions.org

GovernmentAuctions

 Mercedes Benz ML500Check out this auction deal at GovernmentAuctions.org for this beautiful 2006 Mercedes Benz ML500 that is currently being held in Honolulu, Hawaii via online auction. With it’s freshly styled interior and posh exterior, this Benz SUV has an extensive array of safety features and is surefooted in bad weather. Under the bonnet, you’ll discover a powerful 5.0 liter V8 engine, 7 speed automatic transmission, four wheel drive, easy to use navigation system, AM/FM/CD premium sound system, all power, leather interior, sunroof, tinted glass, running boards, and just a little over 32k miles. All in all the vehicle is in fantastic condition with only a few scuffs and scrapes on the rear bumper. The current asking price for this vehicle is just $8,007 with 1 bid already placed. This auction will be ending in less than 2 weeks so be sure to activate your 3-day free trial account now.

 

GovernmentAuctions.org

GovernmentAuctions

 Boon Island Light Station For SaleEver dreamed of owning your own personal island, but just don’t have a billion dollars sitting in your bank account? There’s a chance that your dreams may come true. This summer, the government is auctioning off Boon Island Light Station, a small islet located off the coast of York, Maine. This island comes with its own 133 ft lighthouse, constructed in 1855, and a small shed. So far, there’s just one bid for $5,000! That’s a small price to pay for something as awesome as this. If you’d like to learn more about it, then all you have to do is activate your free trial now.

 

GovernmentAuctions.org

GovernmentAuctions

 Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.

 

GovernmentAuctions.org

GovernmentAuctions

1980 Boston WhalerIf you are looking for that boat to call your own, then you should check out this current online auction for a 1980 20 Foot Boston Whaler. This boat is located in Utah and can be yours soon. You should bring it out to the ocean and really see what it can do. This boat comes with its trailer so you can hitch it up to your car or truck and be well on your way to some boating action. If fishing is your thing, then this boat would help you tremendously! All you would have to do was tune this boat up and maintain it before it touches the water. This sea worthy craft would be a great way to enjoy your summer time. It is right around the corner after all. The current bid on this aquatic machine is only $950 with the auction ending this week. You can find out more about this item and about many more government auctions by activating your free trial account right now.

 

GovernmentAuctions.org

GovernmentAuctions

 2007 BMW 650iCThis 2007 BMW 650iC can be yours soon if you win this upcoming online auction. BMW makes a lot of great luxury vehicles and can definitely get you where you need to go. This BMW looks like it’s in pretty excellent shape and was probably very well taken care of. It features a V8 engine, automatic transmission, wood-grain dashboard, alloy wheels, tinted windows, and only 37K miles. This car is only 5 years old and still has lots of life left in it. Did we mention that it is also a convertible. With summer around the corner this is just the car you need to take you where you need to go and in style. This auction is taking place next month and could save you a ton of money when you bid. You would be surprised at how much time this car would save you from getting one place to another. Find out more about this automobile and about many other cars by activating your free trial now.

 

GovernmentAuctions.org

GovernmentAuctions

 Monark Stationary BikeThis Monark Stationary Bike can be yours soon if you win this upcoming online auction. Summer is right around the corner, which means it’s time to get in shape. However, you don’t have to pay for an expensive gym membership or buy exercise equipment at retailer prices. Find out more about this stationary bike and other exercise equipment auctions activating your free trial now.

 

GovernmentAuctions.org

GovernmentAuctions

 Monark Stationary BikeLet the Summer road trips begin with this Pop-up Camper which you can win at an upcoming online auction. Take your road trips to a whole new level and experience the great outdoors like never before. Find out more information on this and other government auctions is available by activating your free trial now.

 

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Hi, just a reminder that you’re receiving this e-mail because you were a member of GovernmentAuctions.org®. Don’t forget to add support@governmentauctions.org to your address book so we’ll be sure to land in your inbox!

 

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Dear [fname],

 

Government Auctions can be a great place to find used vehicles of almost any make and model, and if you’re prepared you can potentially walk away with a bargain. However, it’s important to keep expectations in check and know what to look for before attending an auction. Are you going to get a brand new Cadillac for $1,000? Most likely not. But you might find a slightly used pick-up truck for a few grand less than it’s actually worth or a retired police vehicle for a few thousand bucks. With that out of the way, let’s get started:

 

Previewing Vehicles:

 

Before the auction takes place you are allowed to preview and inspect the vehicle in most instances. At this point, we would advise you to use a mechanic unless you happen to be an expert in cars yourself. Even if the auction states that the car is sold “as-is”, this just means you won’t be able to test-drive it, but you may still be able to inspect it.

 

Often times, the car will also be started up and maybe even allowed to run with the hood up for several minutes. It’s a good idea to have a checklist, so you know what to look for.

 

Sample Checklist

 

1. Examine the paint job. If there are excessive dents and dings for the car’s age, then that will give you an indication of how the previous owner(s) treated the car. Also, if the paint job appears to be brand new, the car may have recently been in an accident or have rust hidden underneath. 

 
2. Looking out for body work. Sometimes, you can’t tell if a car has been painted or not, but you can buy or rent a paint meter, which will reveal this fact right away.
 
3. Look underneath the car to see if there are any leaks.
 
4. Check the tail pipe. If the outer edge is black and sooty, the car may need a tune-up.
 
5. Bounce the car. This is a good way 
to tell if the car needs new shocks. If the car keeps bouncing for several seconds after the initial bounce, then the shocks may be worn.
 
6. If the tires are unevenly worn, this could be an indication of bigger problems, such as an alignment issue or worse, the car has been hit.
 
7. Check the odometer. If it looks too good to be true, then it probably is (e.g. a 10 year old car usually doesn’t have 50,000 miles on it). 
 
8. While the car is running look to see what kind of smoke comes out when the engine is revved up. If the smoke is blue there could be engine problems.
 
9. If it’s possible, ask the guy who starts the car to go through the different gears. If you hear a noise while shifting, there could be transmission issues.
 
10. Look at the car’s engine while it’s running. If the motor is shaking, the car might need new motor mounts.
 
11. While the car is not running look inside the radiator tank. The water should not be rusty or have a film on it.
 
12. Pull out the dipstick and check the oil.  If it looks sticky, the car may not have been well maintained. If it is brown or gray, there are some serious problems under the hood. And if it’s extra thick, this could indicate a cover-up for some serious engine problems. 

 

 

GovernmentAuctions.org – Activate Your Free 3-Day Trial and start saving thousands $$$ on cars today!

 

The GovernmentAuctions.org® Staff

support@governmentauctions.org 

(516) 773-9844 Telephone
(516) 706-1072 Fax

 

Sent from support@governmentauctions.org

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GovernmentAuctions

 2002 BMW 325iLooking for a ride that’s luxurious, powerful, and has exceptional road manners? Well you’re in luck, because now up for bid is this 2002 BMW 325i which is unequivocally one of the best entry-luxury cars in its class. This BMW is jam packed with features and comes standard with a 2.5 L Inline 6-cylinder engine. It also includes a leather interior, power steering/locks/brakes, keyless entry, power sunroof, front and rear airbags, traction control, premium wheels, and just under 150k miles. This vehicle is in great condition but we’d still strongly advise an inspection. The current asking price for this vehicle is just $1,900 with no bids as of yet. This auction will be ending in less than a week so hurry now andactivate your free trial.

 

GovernmentAuctions.org

GovernmentAuctions

 2011 Champion Mobile HomeNext up for auction is this 2011 Champion Home Builder travel trailer. This trailer measures 44 feet long by 12 feet wide and contains 2 fill sized bedrooms, a bathroom, living room area, and kitchen with appliances. This trailer comes with a set of keys and overall is in pretty fair condition with some minor issues such as a broken shower head, and a few small holes along the siding. Click here to activate your free trial.

 

GovernmentAuctions.org

GovernmentAuctions

 Nikon Photographic EquipmentIf you’re an amateur filmmaker or simply trying to make a quick profit by flipping merchandise, then you should definitely check out this huge auction for photographic equipment. Just some of the items included in this lot are the following: Nikon D700 Camera, a Nikon Fisheye lens, 2 Nikon AF-S Nikkor 24mm lens, 1 Nikon AF-S 50mm lens, a Nikon AF-S teleconverter lens, 3 Nikon Speedlight SB800 flash, 1 Nikon Speedlight SB900 flash, a Powerex battery charger, various Nikon and Canon battery packs, and a ton of other camera related equipment. The winning bidder will be required to put down a deposit of $1,551 so keep that in mind before bidding. Click here to activate your free trial.

 

GovernmentAuctions.org

Preparing for an auction can be labor intensive

Preparing for a Government Auction GovernmentAuctions.org®

Preparing for an auction can be labor intensive.  In fact, it should, because this is the portion where money can be saved.  During this process you will figure out how much you are willing to spend, the real value of the item you are interested in, and whether or not a scrap item can be worth something significant. 

Research, research, research.  We cannot state that enough.  The key to being successful at an auction comes with the preparation.  And the key to preparing is research.  To start off, know what you want.  Obviously for a smaller auction, where you are looking at small-ticket items, you will not need to do much research to have a good knowledge base.  However, with big-ticket items such as cars, homes, trailers, and mechanical equipment, you will need to find out as much information as possible. 

How do you go about finding information about these auctions? Well, first you should check the thousands of listings on www.GovernmentAuctions.org for items that you are interested in purchasing.  Once you find the item, you can then begin to research it.  For cars, SUVs, and other passenger vehicles, your first step should be to find out the Vehicle Identification Number (VIN).  Once you have that number you can get a vehicle history report, to find out the condition of the car.  With this information you can look up the value of the car in a used-car guide, such as Kelley’s Blue Book.  For a home, you first want to find out if there are any liens on the property (if the house is for sale), or if you will be purchasing a lien the condition of the property, in case the home ends up in your hands.  While most auctions will not allow you to attend an open house, you can drive by the house, and inquire of the neighbors, what, if any problems there may be with the home.  You can also inquire the value of the property from the county assessor, and find out the property taxes paid on the property. 

If possible, attend a pre-auction workshop.  Depending on who is holding the auction, this workshop may even be mandatory.  Even if it is not, you should still go, and take notes.  Doing so will allow you to understand all of the rules, and will allow you to make a better strategy.  Also, attend an auction and do not bid on a thing.  Learn the tendencies of those doing the bidding.  It can be extremely helpful, as knowing what seasoned veterans do will put you in a better position when it comes to bidding against them. 

Your final step is to actually prepare for the auction.  That means registering for the auction, ensuring that you have at least one government issued ID (some auctions require two, check with the auctioneer prior to attending), cashier’s checks for the amount that you wish to spend, and a plan.  That means know what you want and know what you want to spend and sticking to it. 

Common sense is key here, as you will more likely than not, be buying an item that was used in some way, and not everybody treats everything well.  So be vigilant, and do your research.  You will end up making much more informed decisions at auction.   

 

GovernmentAuctions.org

Car Auctions- GovernmentAuctions.org

Car Auctions at GovernmentAuctions.org®

Wouldn’t it be nice if there was a place where you could find a quality used car that you didn’t have to pay an arm and a leg for and not have to haggle with the used car salesman over that broken windshield wiper. Luck for you, there is! Welcome to the world of seized and surplus car auctions. Seized and surplus car auctions are where you can buy yourself a car for less than it would cost you at a used-car lot or on Craigslist. If you’re feeling entrepreneurial you can even turn around and flip the cars on Craigslist for a profit. The government has thousands of seized and surplus cars that it gets rid of each day at bargain basement prices.  They want to recoup at least some of the money spent on buying and seizing the car, and that is where you come into play. There are deals to be had when you buy a car at a government car auction!

Surplus cars come from a variety of places: Military, federal government agencies, state governments, and local governments.  That means you can end up bidding on a surplus military vehicle (rocket launcher not included…obviously), a used secret-service vehicle, a pick-up truck from your local government, or a hybrid car that your state government used.  And unlike buying these cars on a used-car lot where there is a markup in price, the government is willing to sell these vehicles to the highest bidder. Used-car dealers regularly attend these surplus car auctions to add cars to their inventory – they allow them to make a steady profit on cars without investing too much time or energy. You too can end up with a great deal on a surplus car. 

Seized cars can come from anywhere. They can be seized because somebody failed to pay taxes, or even a failure to make the payments on the car.  Cars can also be seized as part of a financial settlement (Something that has happened to the infamous attorney and Ponzi-schemer Scott Rothstein). The condition of the vehicles can vary dramatically: some cars may have never been driven, while others modified for criminal purposes such as carrying contraband and illegal weapons.  That is why you need to do research prior to bidding on any car or vehicle available for auction.

Doing the detective work starts with looking at the cars available for auction and finding cars that you are interested in.  The majority of car auctions will allow you to have some sort of preview. Not all of these previews will tell you everything you need to know though. That is why you should ask for a Vehicle Identification Number or VIN, so that you can get a vehicle history report (Some auctions do have these readily available to potential bidders, but you should not rely on that).  Knowing the car’s history is perhaps, the most important part of any auto auction, so be sure that you run a report on a site like Carfax – even if you cannot attend a preview. Yo0u do not want to buy a car that has had major bodywork, or been in a flood. You may also want to investigate the price of insurance on the car, so you can be sure that you can drive your car right away, without having to wait for insurance quotes.  Once you have done your research, you are ready for the auction. Just remember to bring proper identification and enough money with you.

Of course, this information is all worthless unless you know where to find auctions. You can look in your local newspapers for surplus car auctions, or perhaps search for seized car auctions, but chances are you will be left with a lot of useless information. You could also nag your local government, but that just may not fall on the right side of good ideas. Your best bet would be to go to www.GovernmentAuctions.org® where you can activate your FREE three-day trial.  Once there, you can search for auctions across the country, and find the car of your dreams.