| Police Auctions Information:No, a police auction is | | | | to inspect.Once the auction starts, you simply bid |
| not where you go to buy a policeman. Most | | | | on the items that you want. Have a budget in |
| people do not realize that police agencies, including | | | | mind and don't bid more than you're willing to pay. |
| local police departments, county sheriff | | | | It's easy to get caught up in the bidding frenzy |
| departments, as well as state and federal law | | | | and end up paying far more than you intended |
| enforcement agencies end up with a lot of | | | | to.Police auctions can be fun and profitable. |
| confiscated, lost, or abandoned property. This | | | | Especially police auto auctions. Watch your local |
| property ends up in the agency's possession as | | | | papers for announcements, or contact the law |
| the result of arrests, forfeitures, and just plain | | | | enforcement agencies in your area and find out |
| carelessness on the part of the property owner | | | | when they are running the next police |
| who sets a camera down in some public place and | | | | auctions.Government Auctions:Insiders know |
| walks away.Once the agency has accumulated | | | | where to find government auctions to buy |
| enough property they will hold a police impound | | | | homes, cars, boats, airplanes, motorcycles - even |
| auction. The purpose of the police impound auction | | | | furniture, designer clothes and jewelry. The |
| is two-fold. First, they want to empty out their | | | | property available for public bidding at government |
| property rooms which, in the case of some state | | | | auctions is often surplus goods the government |
| and federal agencies, may be the size of a | | | | no longer needs or confiscated as evidence in |
| warehouse. Second, they want to turn this | | | | criminal cases. Since government auctions are not |
| unclaimed or forfeited property into cash. This | | | | well publicized, insiders can buy goods for pennies |
| cash usually goes back into the agency's budget, | | | | on the dollar. Whether you want to find bargains |
| but it is sometimes earmarked for the particular | | | | for yourself, or to resell your purchases for a |
| government's "general fund". No matter where | | | | profit, government auctions are an effective way |
| the money ends up, police auctions are usually a | | | | to increase your net worth and bottom line.Own |
| big money raiser for larger departments.Forfeited | | | | luxury goods at Wal-Mart Prices:When the |
| Property & Police Impound Auction:Items that fall | | | | government auctions off property, all closing bids |
| under this category are usually the creme de la | | | | are final. Many people attending government |
| creme of the police auctions industry. This is | | | | auctions for the first time can't believe the prices! |
| where you can find anything from motorcycles | | | | Everything you buy at the auction is yours to |
| and cars, to boats, airplanes, and homes!Forfeited | | | | keep - no strings attached. With prices this low, it |
| property is generally the result of drug arrests | | | | feels like your stealing it - only it is yours to legally |
| where it was determined that the seized property | | | | keep, courtesy of the government. If you have |
| was either used in the commission of drug-related | | | | champagne taste but a beer budget, attend a |
| crimes, or was purchased with money that was | | | | government auction. Rolex brands have sold for |
| received as the result of a drug-related | | | | Timex prices. Why buy a Ford when you can buy |
| crime.When you bid on this type of property at a | | | | a Mercedes for the same price? Traveling? Put |
| police impound auction you are agreeing to accept | | | | away your checkbook at the discount luggage |
| the item "as is". You need to be aware that the | | | | store. Go to a government auction and spend the |
| term "as is" does not simple refer to blemishes or | | | | same money for Louis Vuitton or COACH! You |
| minor damage. If, for example, you buy property | | | | never know what a government auction will have, |
| at auction, and that property has tax liens placed | | | | but it can always be yours for a price well below |
| against it, you will be expected to clear those liens | | | | fair market value.Starting a business with |
| before you can take rightful ownership. The same | | | | government auctions:No organization in America |
| holds true for mortgages or car loans.You can find | | | | buys more office goods than the government. |
| some real bargains at police auctions for this type | | | | Auctions are how they dispose of surplus goods |
| of high-value merchandise but you need to | | | | no longer needed. Computers, desks, office chairs, |
| perform your due diligence so you don't end up in | | | | AV equipment, copiers and trash cans - the |
| red ink after the transaction.Unclaimed & | | | | government auctions them all off. Conserve your |
| Abandoned Property:You would be shocked at | | | | capital for operating cash and profits. Smart |
| what kind of property that people either lose or | | | | business people find the office equipment they |
| simply walk away from. You would be equally | | | | need at government auctions. Imagine the |
| shocked at how many honest people find that | | | | thousands of dollars you could've spent on |
| property and turn it into the police department. | | | | furniture and computers while you write out your |
| Ultimately, if no one claims the property, and the | | | | check for pennies on the dollar at the |
| owner cannot be otherwise be located -- it ends | | | | government auction. Since our government buys |
| up at a police auction where it is sold to the | | | | the best, you know the auction will be loaded with |
| highest bidder.Auction Process:Most jurisdictions | | | | bargains to keep your business humming along. |
| have specific laws, or ordinances, that deal with | | | | When you are ready to start or expand your |
| how the auction will be conducted. In almost | | | | business the smart way, begin your office |
| every instance, the agency that is conducting the | | | | equipment search here at the auctions.Making |
| police impound auction is required to publish a full | | | | government auctions your business:After |
| description of the items that will be auctioned as | | | | attending your first government auction and |
| well as the date, time, and location of the auction. | | | | experiencing great values firsthand, you may |
| they will also publish payment terms which may | | | | decide to start your own resale business. Many |
| be cash, money order, certified check, or any | | | | people buy cars for hundreds of dollars and resell |
| other payment method that they choose to | | | | them for thousands of dollars. Some people spend |
| accept. They will usually also publish additional | | | | a day at a government auction procuring goods |
| terms such as how long you have to remove the | | | | and bring them home to sell on their own. E-bay is |
| property form the auction site once you win the | | | | a popular way for people buying goods at the |
| bid, plus any legal disclaimers that the lawyers | | | | government auction to resell them right from |
| think need to be mentioned. This publication is | | | | home. Without a retail store, you can save |
| normally placed in at least one major newspaper | | | | thousands in business expenses during the year. |
| that serves the area with in the law enforcement | | | | Your on-line business you can create with |
| agency's jurisdiction.The purpose of this publication | | | | government auctions is limited only by the size of |
| is first: to notify the owner of the property that | | | | your garage! Become a power seller!You "Don't |
| they have one last chance to redeem it before it | | | | Need Experience" to bid at a government |
| is sold at auction, and second: to generate publicity | | | | auctionIf you can hold up a bidding number, you |
| for the police auction so that it will be well | | | | can win at a government auction. Of course, with |
| attended.Depending upon the size of the agency, | | | | any auction, you will want to inspect the items |
| and the agency's experience conducting auctions, | | | | you are interested in buying before the bidding |
| a police auction will either be run by the police | | | | begins. If you are interested in a computer, but |
| department itself, another government agency | | | | could not turn it on to see if it worked, how much |
| that is responsible for fiscal matters, or an outside | | | | would a non-working computer be worth to you? |
| auction company.The police auction might be held | | | | Since all sales are final, there are no returns. Avoid |
| on the steps of the County Courthouse, a room | | | | disappointment, and don't bid on anything you |
| inside of some government office, or a public | | | | can't personally inspect. Government auctions |
| arena. The location of the police auction depends a | | | | provide amazing values, but don't lose your |
| lot upon the size of the agency and how much | | | | common sense in all the excitement. Know how |
| property is being auctioned off.Some police | | | | much the property is worth before the auction |
| auctions require that you register as a bidder in | | | | begins, and your experience at the government |
| advance, while others let everyone and anyone | | | | auction will be a positive one. is an unchallenged |
| show up at the day of the auction. Bidders are | | | | leader in the Auction information Industry and will |
| usually allotted time to inspect the goods before | | | | transform the way you search & locate the |
| the actual police auction begins. You should take | | | | Billions of dollars in property that is auctioned off |
| advantage of this time because it is a very bad | | | | throughout the country every year. |
| idea to bid on anything that you haven't had time | | | | |