How to Compete in IRS Seized Property Online Real Estate Auctions

IRS Auctioned Homes

If you want to purchase a home or invest in real estate, there is real property for sale through the government that has been seized due to criminal investigations or immigration reasons. These real estate properties include vacant land, businesses and commercial property and residential homes for sale at a low auction price.

Instructions

1. In order to purchase real estate at a government auction, you have to fill out a registration form before bidding on seized property. Click on Bidder Registration on the government website for the application.

2. Auction bidders are encouraged to view the real estate personally before bidding. If you are buying a home or business, it is important to see it in person.

3. Some government home and property auctions are online, others are not. Check out each individual property for details. In addition, go to Bid Results on The Department of the Treasury website to see how much real estate properties are averaging.

4. Eligibility for bidding on government seized property and real estate includes being at least eighteen years of age, not an employee of the Federal Government or relative of one, and not a party or agent of party from whom the property was seized.

5. Go to the government website listed in Resources directly below this article to access the U.S. Department of the Treasury: Seized Property Public Auctions: Real Property Auctions website.

6. Sign up for email notifications to stay informed about seized properties that are coming up for auction.

7. Click on Upcoming Auctions to see government seized real estate that may be of interest to you. View government real estate auctions by month. Click on "For Complete Details..." to view more information on the property for sale.

8. For more information read the FAQ's listed on the Real Property Auctions website and check out the About This Program link. This will give you more information on purchasing a home or business through a government auction.

9. When you are buying a home or business at any auction you should follow some guidelines. Be sure that before purchasing any real estate at an auction that you carefully review all information related to the property. You should go see the real estate in person before bidding.Read more information at the Real Property for sale website listed in Resources below.

Resources

• http://www.treas.gov/auctions/treasury/rp/