The Big

Government Auctions Directory

Real Estate   Vehicles   Boats   Jewlery   Carpets    Wearing Apparel   Aircraft   Business Opportunities   Electronics

Most property is seized due to trade violations, trademark or copyright violations, smuggling, drug trafficking, money laundering, credit card fraud, food stamp fraud, mail fraud or other illegal activity. However, not all property is seized. Other property sold at the auctions are General Order merchandise. This property was either abandoned at ports of entry or duties/taxes were not paid.
 

It is strongly recommended that you attend auction previews. The preview is the only opportunity you have to get answers to your questions regarding merchandise, since items are sold "as-is" and all sales are final. Merchandise is often not available for inspection the day of the sale. Please take advantage of the previews, they are provided for your benefit and you can also take this opportunity to register for the auction.

The final price of items in the auction depends on public interest and what people are willing to pay for the merchandise. Good buys are possible, just be sure to do your own research and inspect the merchandise.
 

Generally, the Government does not place a minimum bid on items. However, the Government reserves the right to accept or reject any and all bids. Those individuals who cannot attend the auction in person are given the option to enter a written bid. If any written bids are entered, they will begin the bidding from those submitted.
 

The reserve price is a dollar amount placed on an item by the Government. If you hear the auctioneer say "Bidding closed, subject to the acceptance of the seller," it means the high bid did not reach the reserve price. We then go back to the Government representative and ask if they will accept the high bid. The good news?  the majority of property auctioned is sold.
 

Cash, Cashier's Check and Visa or MasterCard are accepted at most sale locations. Personal or business checks, certified checks, bank letters or letters of credit are not accepted.
Please check the Terms of Sale on individual sales flyers for the specific instructions regarding payment for that particular auction.
 

Typically purchases of $5,000 or less are required to be paid in full on day of sale. For purchases over $5,000, a deposit of $5,000 is due on sale day and payment in full is due by a specific day given by each auction. Since cashiers cannot make change for more than 10 percent of a cashier's check, it is recommended that you bring several cashier's checks in small denominations. Refer to the Terms of Sale for specific deposit and payment terms.

The terms of sale provide removal dates and guidelines for both export only and domestic goods. Failure to comply may result in cancellation of sale, repossession of merchandise and forfeiture of all monies paid. Export only merchandise may only be removed by a U.S. Customs bonded carrier. Contact your local Customs Service Office for information and assistance.
 

IRS property will be released to successful bidders after review of records to make sure they are not the violator or associated with the violator. Buyers will be notified within 72 hours of the auction date. Successful bidders of ATF or SS property will be notified at time of payment.
 

Once payment is made in full, you will receive a clear title for a vehicle, boat, aircraft or real property, whichever the case may be. All liens, back taxes or other encumbrances will be paid by the Government, unless otherwise stated.

The designation of EXPORT ONLY indicates that the specified merchandise cannot be registered, used, or sold again in the U.S. as a result of it infringing upon some federal regulation (ex. quotas, trademarks or safety regulations). Anyone who purchases EXPORT ONLY property must remove it from the U.S. within a specified period of time.
 

Employees of the Department of Treasury and members of their immediate family are prohibited from bidding on any merchandise. If you work for another Government agency, check your local agency's policies

Get  This Big Directory Today For Just:  $24.95

Click here to order