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