Types of Government Auctions

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Government auctions sell almost all types of items and properties- from earrings to multi-million dollar properties. It is easy to understand that government auctions come in many types. Each of which differ in the manner of how the government obtained the items or the properties and the manner of disposal the government uses to sold off the properties to the public while getting a profit in return.

Here are some of the types of government auctions:

GOVERNMENT SURPLUS AUCTIONS

Also known as the GSA Auctions or Govdeals Auctions, is the type where the Government sells goods that they are no longer need.. Common items found in GSA auctions are automobiles, jewelry and office equipment. Sometime you can also find surplus buildings, real estate and properties.

SEIZED PROPERTY AUCTIONS

Mostly selling confiscated properties, seized property auctions sell properties and items that were foreclosed by the government or taken from the original owners due to tax, financial and other related issues. However, seized properties may also come from confiscations from illegal activities like drug dealing or smuggling.

Seized property auctions could also come from tax seizures. The government seized the house if the owner fails to pay his taxes, mortgages and bills. Custom seizure auction, another type of seized properties auction, sells goods that could come from: a) smugglers, b) people who were not able to present enough and detailed information of the merchandise, and c) people who came from other countries bringing along with them unauthorized merchandise.

Government auctions offers you some of the best pieces of items at a very low price. Find the best deals from government auction by researching the schedules of government auctions.

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