| Seized property is anything seized in the course of a | | | | forfeiture. State law regulates the disposal of seized |
| criminal investigation, not including forensic samples. The | | | | property, which includes personal property that is the |
| seized property is then sold to satisfy a judgment | | | | subject of a crime or has been abandoned. Almost |
| subsequently rendered by the court against the | | | | daily, in every state, seized property is being sold at |
| defendant. A seized property could be a home or | | | | government auctions. |
| property that has been repossessed by the lender | | | | A seized property auction is the process through |
| because the owners failed to pay the mortgage this is | | | | which items are sold to the highest bidder. What is |
| called foreclosure. All seized property is sold to the | | | | being sold for pennies on the dollar at Government |
| highest bidder at auction. Government seized property | | | | auction? From ear rings to sports cars, you can buy it |
| is often offered for sale as a real estate auction. | | | | all at federal auction. Also included in the auction will be |
| Almost daily, in every state, seized property is being | | | | property including cars, trucks, bicycles, diamond rings, |
| sold at government auctions. Seized property is sold at | | | | gold jewelry and a variety of other items. A Notice of |
| public auction to satisfy the Judgment and is sold | | | | Public Auction Surplus,Found or Seized Property can |
| subject to all taxes, liens and encumbrances. | | | | be found in most local newspapers. Most locations will |
| Federal Government Auctions. By last year the | | | | hold an auction when they have a large number of |
| Federal Government had an inventory of seized | | | | items for sale in one location. Many states allow police |
| property worth $2 billion, up from $33 million in previous | | | | departments to auction off the seized property and |
| years, according to a Federal study. At present, | | | | keep the proceeds. |
| federal statutes provide no time limit on the agency to | | | | Seized property is recorded at the estimated |
| provide notice to the owner of the seized property. If a | | | | fair-market value at the time of seizure. All seized |
| person wants to get back property that was seized | | | | property is subject to prior liens in favor of other |
| by the Federal Government, they must post a bond of | | | | persons, if any. If seized property is forfeited, the |
| 10% of the value of the seized property. | | | | enforcement agency may retain it for official use |
| State' s auction seized property also Police/Sheriff's | | | | unless the property is required to be destroyed. A |
| Auctions State and Local. When in some cases a | | | | seized property is a property which has been |
| taxpayer resist the states efforts to help bring them | | | | repossessed by a lender or confiscated by a |
| into compliance on default tax, the State may seize | | | | government agency since the owners defaulted on |
| the property of the taxpayer. Any person with a valid | | | | mortgage payments or convicted of a crime. If |
| interest in the seized property may contest the | | | | necessary, the seized property is auctioned. |