Victor. Thanks so much for your comments and insights. I am evaluating whether to got into buying cars at auction and reselling them. I did not know about other types of auctions. How could one find out more about other types of auctions? I lost my job sometime ago and have a family and am looking for a new career or way where I can make a good living. Kind thanks Sir.
The Department of the Treasury has designated CWS Asset Management & Sales (CWSAMS) as the prime contractor responsible for the maintenance and sale of seized and forfeited real property throughout the U.S. Our website is incorporated into the official Treasury site, http://www.treasury.gov/auctions/. CWS is not affiliated with any other auction information services, seminars, or publications, and we never charge a fee to access these auction listings.
U.S. Marshal's Service Auctions : And finally, the U.S. Marshal's service auctions off some true bling as part of its mission to "combat major criminal activity by disrupting and dismantling illegal enterprises" and "depriving criminals of the proceeds of illegal activity." Once again, there is real estate, but also businesses, cash cars, collectibles — and more.
In economics we tend to think of auctions as a good way to get at the true price of an object. Of course, it isn’t quite perfect as there’s still problems with information asymmetries, and people can get a winner’s curse because the people who err in thinking the car is worth more than it actually is are the ones who are likely to win. On the other hand, the price can go lower if there just aren’t enough people at the auction for that to happen– you need at least two people over-valuing the object and willing to pay for it for one of them to over-pay.
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Find police auctions - In order to bid at police auctions, you need to find them first. Police departments will often times hold an auction to sell off the evidence that they no longer need for their cases. There are also items available at large government auction sites. There are police auctions available online for items that were seized and not claimed by their owners. It isn't that hard to obtain information about the locations of police auctions because most of the information is available online.
If a dealership sends a car to auction, it’s because they decided the necessary repairs needed to make it “dealer-standard” were too expensive-often the car will looks outstanding and pass a visual inspection, and then when you get it home, you’ll find out it had a bent frame or some other major repair which can make the car quite dangerous. Dealers are in the business of making money, and if they think the car wasn’t good enough to sell, why on earth would you think it was a good bet? There’s a reason these cars go for half price at auction.
Closing is usually required within 30 calendar days of sale or sooner. Only the seller may, at its discretion, exceed closing beyond 30 calendar days. Payment in full is due at Closing.  Closing costs, including and without limitation, transfer taxes, documentary stamps, recording fees, and escrow fees will be paid by the Buyer and Seller in accordance with the customs of the county in which the property is located, unless stated otherwise in the individual Terms and Conditions of Sale.

Cars at government and public auctions sell on visual inspection alone. So look at everything and look for telltale signs of repairs such as paint overspray, less than smooth sheet metal, puddles under the vehicle, scored brake discs, an uneven stance and a million other details. Use your nose, hands and legs, too. If a car smells musty or the carpeting is wet, run away. 

Always take a photo of the vehicle identification number (VIN) toward the base of the windshield on cars you want to bid on at auctions. After that, walk around and check places like door jams, under the hood, and inside trunk lids, where stickers with this number may also appear. If the numbers don’t match up, or are missing entirely it’s best to move on, because there’s probably a really bad reason why it’s like that.
But there is a twist - NO firearms will be auctioned on PropertyRoom.com. Instead they are offered for auction through Federal Firearms Licensed (FFL) partner BudsGunsShop.com on their auction website eGunner.com, a division of BudsGunShop.com. Partnering with an organization like BudsGunShop.com who has over 40 years’ experience in the firearms industry and has sold and shipped over 1 million firearms, ensures that firearms sold will be transferred from FFL to FFL and all legal requirements, including background checks before release, will be completed to the letter of the law.

Visit websites of government agencies that hold public auctions. At the federal level, you can find auctions online or listings for live auctions held across the country by visiting the GovSales.gov website. GovSales.gov has consolidated listings of assets for sale across the federal government. A variety of state and local government agencies also hold public surplus property auctions. Links to many local government auction sites are listed at USA.gov, under Shopping. 

 This is the continuning location for 4 Auction to follow for Extra Space Storage Inc in this area,The next Sale after Ypsilanti  is @ 11:30 AM 1900 Old Rawsonvill Rd.  Belleville 48111. Our next location is @ 1:30 PM at 6729 Canton Center Rd. Canton, 48187., then we proceed to ESS @ 2:15 PM at 38875 Grand River Ave. Farmington Hills, 48335 The last sale today is ESS @3:00 PM at 1150 Coolidge Hwy. Troy. .GO TO our Web Page www.tateauctioneers.com click...
"As our police business has grown, we've been approached by other liquidators," Bellomo said. "This downturn has put 3,000 brick-and-mortar retail stores out of business. There is distressed merchandise all over the United States. Brand-new jewelry and watches, authentic sports memorabilia, fine art. Liquidators are coming to us and saying, 'Can you work with us the way you work with police agencies. Can you turn this excess inventory into cash?'
 This is the continuning location for 4 Auction to follow for Extra Space Storage Inc in this area,The next Sale after Ypsilanti  is @ 11:30 AM 1900 Old Rawsonvill Rd.  Belleville 48111. Our next location is @ 1:30 PM at 6729 Canton Center Rd. Canton, 48187., then we proceed to ESS @ 2:15 PM at 38875 Grand River Ave. Farmington Hills, 48335 The last sale today is ESS @3:00 PM at 1150 Coolidge Hwy. Troy. .GO TO our Web Page www.tateauctioneers.com click...
Almost every day law enforcement agencies from all across the country seize a wide range of properties that are connected to criminal activities. After the property has been used as evidence for the criminal trial and has been processed, the government will no longer need to hold this property, those properties are auctioned off to raise the money for administrative works and development. Seized auction are also resulted due to custom seizures, tax seizures and criminal seizures. For instance, when a trafficker's or drug dealer's home is raided by the government authorities, their possessions are confiscated as a result of being obtained from illegal activities. When a person doesn't pay tax as well, his/her possessions such as real estate, jewelry and cars are also confiscated and they are auctioned off to meet the outstanding tax liability. Similarly people who smuggle into the country without paying any kind of import duty or the items people are failed to prove as theirs when returned from foreign countries are also seized by the government and placed in the auctions. 

Easy Payment: Pay manually or use Auto Pay! Manual payment allows you to choose which card you want to use on every transaction. Auto Pay is set up through your account details. By keeping a valid payment method on file, your auctions will be processed automatically so that you never miss a payment! Special discounts are available to customers choosing Auto Pay.
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