Any dispute arising as to any bidding shall be settled by Auctioneer at his sole discretion, and Auctioneer may put the lot in dispute up for sale again. Auctioneer reserves the right to refuse any bid, which it considers to be an insignificant advance over the preceding bid. No person shall bid on any lot of which he is the Consignor, agent, associate, or on behalf of the Consignor.
8 Cassettes on the following 8 topics: 1. Introduction to Government Auctions 2. Government Surplus Auctions 3. Government Seizures and Confiscations Auctions 4. Government Foreclosures and Repossession Sales 5. Government Real Estate Part 1 6. Government Real Estate Part 2 7. Unclaimed, Abandoned and Specialty Auctions 8. How to Participate in Auctions 

Boulder, Colo., police started using PropertyRoom.com in 2007, mainly to unload property that couldn't be traced back to the owners. Before items are put up for auction, they are posted on the police department’s Web site for four weeks. Previously, the department had been stuck holding onto items for up to three years, said spokeswoman Sarah Huntley.
We created a solution for law enforcement agencies nationwide. We pick-up all those seized, stolen, abandoned and surplus goods out of their Property Room, open up their public auctions nationwide and send back proceeds to the local communities. That’s also where we got our name – the Property & Evidence Room is where all these goods are stored at your local law enforcement agencies. We just shortened it to just PropertyRoom.com.
“We usually send [PropertyRoom] our jewelry - since they appraise it - and things like high-end Coach purses,” said Robin Neal, property officer with the Fremont, Calif., police department. “My experience of them is that they are very honest with the condition of the item they put online. We have also had officers who work for our department utilize the site for purchase and were very happy with it.”

This site advertises auctions of seized Real Property for sale throughout the United States and Puerto Rico and includes single and multi-family residences; commercial and residential land; commercial buildings and warehouses; and operating businesses. These properties have been seized and forfeited due to violations of federal laws enforced by the U.S. Department of the Treasury. Participating enforcement agencies include: IRS-Criminal Investigations Division, Immigration and Customs Enforcement, and the U.S. Secret Service. All proceeds from the sale of property are deposited in the U.S. Treasury Asset Forfeiture Fund. This fund helps support continued law enforcement efforts and provide restitution to crime victims.
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