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