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