Seized Property Auctions

Drug dealers and serial criminals have to live somewhere too, right? If these people are taken in by the government police, so are their properties.

But here is the thing. The government is not in the real estate business, at least not the US government. If anything, the government wants to get rid of these properties and convert it to money as soon as possible. The government’s solution to that is to hose a seized property auction.

A seized property auction is a type of auction where government-seized homes and properties are put up for auction sale. Most of these homes are sold at below market value, unless of course someone comes along and places a high bid on a home.

Seized property auctions are quite popular.

In the US, the government sold more than 100 properties in 2008 alone.

In fact the average number of properties sold by the government every year is around 110 properties, give or take. The prices of homes can range anywhere from $100,000 to $1,000,000.

Consult with your government agency about where these auctions take place and the requirements needed to participate. If you can’t afford a brand new house on your own just yet, these seized property auctions are here to help you out.