Government auctions are events where the government sells property that they have obtained through seizure. These can involve various types of property and take place in many different locations. Many people enjoy participating in government auctions because they can sometimes obtain the items at prices which are lower than market value.
Many different kinds of property are sold during government auctions. These can include:
- Real property such as houses and other residential units
- Vehicles, especially cars, boats, and other types that have been confiscated by the government
- Personal property items that have been confiscated, including jewelry, electronics, household goods and all kinds of different items
- Intangible items such as stocks and other securities
Property can be confiscated by the government through a judicial lien. This can happen for many different reasons, such as:
- Failure to keep up with payments (as in a foreclosure proceeding)
- Failure to pay taxes (as in a tax deed sale)
- Use of the item in connection with a crime (this is common for criminal cases such as drug-related charges and white-collar crimes)
It is sometimes possible to contest a confiscation by the government. This would require a showing of evidence that the person’s property should not be turned over to the government. For instance, in a foreclosure proceeding, it is sometimes possible to have the foreclosure terms renegotiated rather than forfeiting the property entirely.
Government auctions and property seizures can sometimes involve very complex legal issues. You may need to hire a real estate lawyer if your property is being subject to seizure and you would like to contest the government’s actions. A qualified lawyer can help represent you in court and can provide you with legal advice to ensure that your rights are being protected.