Government Auctions - Bullet Holes and Dead Bodies In the Trunk?
By Buzz Clem, Auction Expert
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Hollywood likes to spin tales of gangster's cars that get taken by the government for auction.
The hapless winner of the auction doesn't know that there is evidence of a gruesome crime still hidden in the vehicle.
Soon the new owner finds himself caught in a deadly game of car chases and foul play...
It's enough to scare some people away from real auctions!
In reality the origin of the vast majority of such seized goods is quite boring. Yes, items can be, and are, taken from criminal enterprises such as drug dealers and mobsters.
But even more often, seized items are taken due to tax delinquency or for other mundane reasons.
In short, you can be sure that no evil repercussions will come your way, regardless of what Hollywood wants you to believe.
All property is thoroughly inspected prior to sale.
In the case of items held for evidence, they are not released until the judicial process is complete. In fact, it would be counterproductive to sell such items.
While there are two distinct categories of seized goods, each boils down to a crime. After all, not paying taxes is a crime.
When this happens, whether to drug dealers or to people who could not pay their taxes, the government takes their property for compensation.
Whatever the government earns from the sale of this property is deducted from what the person owes. So, wouldn't the government want to set minimum bids, or offer the goods it seizes at fair market prices?
No. Because they want to get something for it, and they are not concerned about getting the best price.
So, as far as your personal safety goes there is no reason to worry...
There are some precautions you do need to be aware of however. Governmental auctioned goods may be inspected for legal purposes, but without fail the items are sold as is. To be sure, this is more of a danger than being hunted down.
Still, that's a small price to pay considering the many incredible deals you are about to find.
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