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Friday, September 11, 2009

Government Acquired Properties & Surplus Equals Great Deals!

By Clifford Carr

Seized and abandoned properties as well as government surpluses are offered to the public through government auctions. There are many government auctions being held across the country every single week. The deals you'll find here are unprecedented and could be used for personal investing or to start a business.

The government surplus items sold at government auctions are items not required by the federal, state, and local government. These items can come from the government purchasing more than they needed, or technological equipment that has been updated.

Items found at government auctions can also come from businesses that have gone bankrupt. Many of these items found at government auctions can include furniture, computers, electronics, furniture, and miscellaneous equipment. Most people don't think of these types of items at a government auction, however, it's where you can get these types of used items the cheapest.

Seized properties can consist of foreclosures, bankruptcies, criminal properties, etc. These properties can also be purchased at government auctions. Depending on the circumstances the police may seize property if the owner is sentenced to jail.

A property is considered abandoned if the owner dies and has no known relatives alive to inherit, or if the owner walks away from it for whatever reason. This can happen if the owner feels the house is worth less then he currently owes. This has been happening quit often lately in a declining housing market.

You can find out where and when government auctions will be held in your state by searching the internet. There are many membership sites that will offer you details on the abandoned properties, seized properties, and government surplus items that will be offered at your local government auctions.

Read government auction reviews on the web to find out where the best membership deals are. This will help prevent you from falling into the many scams that are on the web. - 23200

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