| A government auction is a good place to buy quality | | | | agencies. For example, the U.S. Air Force runs its own |
| or unusual merchandise at a bargain. Government | | | | auctions. The U.S. Marshals Service runs the auctions |
| auctions take place continually, both online and in | | | | for itself and the Department of Justice, the FBI, the |
| different parts of the country. Information on all | | | | DEA, the INS and the ATF. This means that any |
| government auctions can be found at Firtgov.gov. | | | | merchandise seized by any of these agencies is |
| This is billed as being the official United States | | | | auctioned through the U.S. Marshals Service. The U.S. |
| government portal. It contains information on all | | | | Treasury handles auctions for itself and the IRS. |
| federal, state and local government auctions. What | | | | Border Patrol and Customs handle their own auctions, |
| do governments have to sell at auction? They sell | | | | and so on. What makes it even more difficult is that |
| surplus goods and seized and forfeited property at | | | | they all have their own quirks and rules that the |
| auction. Surplus goods are goods that the | | | | buyer has to be aware of. For example, houses sold |
| government bought and no longer needs. This can | | | | at the IRS auctions can be redeemed by the original |
| include anything from office furniture and office | | | | owner within a specified period of time. The owner |
| equipment to telemetry guidance systems and Coast | | | | has to pay the auction price plus the interest and the |
| Guard boats. Forfeited property can consist of | | | | buyer cant do anything about it. That is why it is |
| houses that had a federally guaranteed mortgage | | | | important to know the rules that the auction |
| that the owner defaulted on. When the mortgage is | | | | functions under. |
| foreclosed on, the house is sold at auction. Seized | | | | The best thing to do is to look at the different |
| property is property that criminals owned and | | | | auction at Firstgov.gov. The rules and procedures are |
| purchased with money earned from the commission | | | | given for each of the online and in-person auctions |
| of crime. This can include houses, boats, cards, | | | | with instructions on where merchandise can be |
| planes, artwork, jewelry, various personal belongings, | | | | viewed prior to the auction. |
| etc. When the government seizes this property, it | | | | Joseph is the proud owner of Gov Auctions, a |
| sells it at auction to the highest bidder. | | | | website that willexplain everything you need to know |
| The problem with government auctions is that there | | | | about Government Auctions. We invite you to visit |
| is not just one big auction. Each agency has its own | | | | our site today and see what we have to offer. |
| auction either on its own or in conjunction with other | | | | |