How to Find Government Auctions for Surplus Goods
The United States government auctions off surplus goods every month. These can be items seized in drug raids or surplus goods the government no longer needs. You can find great deals on cars, boats, office equipment, and more at the government surplus auctions.
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Instructions
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How to Find Government Auctions for Surplus Goods
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Contact the U.S. Department of the Treasury. This can be done through their web site. You can also contact them by calling (202) 622-2000. The fax number is (202) 622-6415.
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Request to be added to the e-mail auction updates. If you do not have Internet access, call and request to be added to the U.S.P.S. mailing list. There is no special mailing list for the IRS seized property auctions. You must log on to the web site to view the real and personal property being auctioned off by the IRS.
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Obtain the bidder registration form. You can make copies of this form. Completely fill it out. This is the form which you will need to present when you want to attend a government real estate auction.
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Research the property you are interested in purchasing. There are many of the auctions where the bidders are allowed to examine or inspect the property before bidding starts.
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Purchase several cashier's checks prior to the auction. Most government auctions only deal in cash or certified checks. Frequently the bidder wants to know how much to have the checks made out for. The best answer is to have several certified checks made payable to you. You can then be sure to have enough money if you are the successful bidder.
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Tips & Warnings
Check out all the different government auctions available. There are many different sales in every state throughout the year.
Any property which you have successfully won at an IRS auction can still be claimed by persons of interest for up to 180 days of the auction. Persons of interest can include the owner or their heirs. Anyone who has a lien on the property can also claim the property. The successful bidder will be compensated the purchase price plus 20% interest.
