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Police Auctions
Interested in participating in police auctions? Police auctions are when
the police have to auction off the surplus of materials and possessions
that have been confiscated due to criminal activity, foreclosure, or
abandonment. Police seize everything from homes to cars, from jewelry
to comic books. They auction the items to out the inventory, and to pay
off the costs of recovering the seized property. Any additional funds are
directed back to supporting the station. As a result, the property is
usually listed well below its market values. You can find terrific deals at
police auctions if you do your research.
Items available at police auctions are sold as-is. That means the cars
come with the dents and the homes come with the mortgages. Laws and
regulations associated with police auctions can vary by jurisdiction.
Some police auctions require bidders to register in advance, while others
allow anybody to participate the day-of. Some police auctions take place
on the internet, where you can view full descriptions and photos of the
properties. Police auctions are usually advertised in local newspapers,
though it may be helpful to contact your local station to find out. If you’re
the winning bidder, be prepared, because you may be required to pay for
the property and remove it at the conclusion of the auction.
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