Government Surpluses & Acquired Properties For Business and Investment Opportunities

Seized properties and government surpluses are sold through government auctions to the public for low prices as determined by a bidding process. There are government auctions consistently held all across the United States and Canada. No matter where you live, there will likely be an auction held near by.

The government surplus items sold at government auctions are items not required by the federal, state, and local government. These items can come from the government purchasing more than they needed, or technological equipment that has been updated.

Quite often many of the government auction items come from businesses declaring bankruptcy. These items can be almost anything from existing inventory to general assets including furniture, equipment, jewelry, antique items, fur coats, computers, etc. Most people don't think of these types of items at a government auction, however, it's where you can get these types of used items the cheapest.

The seized properties offered at these auctions can include foreclosure homes, bankrupt commercial properties, properties owned by convicted criminals, and more. Police have the right to seize a property if the owner is convicted and has to serve time in prison. The most common reason for property being seized is because their owners have neglected to pay their mortgage and/or taxes.

A property is considered abandoned if the owner dies and has no known relatives alive to inherit, or if the owner walks away from it for whatever reason. This can happen if the owner feels the house is worth less then he currently owes. This has been happening quit often lately in a declining housing market.

So how can you attend government auctions? You can find out where and when they will be held in your area by searching the Internet. There are numerous government auction membership sites that will offer you details on the abandoned/seized properties, and government surplus items that will be offered in your area.

To determine which sites are legitimate it is recommended that you visit a government auction review site beforehand. This will educate you on which sites provide the most opportunities that government auctions can provide.