Government Auctions Houses For Sale

The Government Is Auctioning Off Cheap Items In Ontario Here’s What’s For Sale

The federal government is auctioning off a wide variety of items in Ontario, including everything from cars to old office chairs, and some have discounted prices.

The website, GCSurplus, features a long list of items. More items get added with time. Bids have started on some, while others are still waiting for offers.

The government provides details about a few of the items, including their condition and where they came from.

Here are some items on the list and the prices they are currently going for:

Apple MacBook A990 Pro 15-Inch

• This laptop is currently going for $2,085. The bid was initially set for a minimum of $750. The bidding war will end on March 23. The laptop is unused and in its original packing. The item was forfeited to the Crown.

Landice Pro Sports Treadmill

• This treadmill is currently going for $340, and bidding ends on March 23. Its not clear how the government acquired the item. It was initially going for a minimum bid of $300.

Large wooden desk

• This wooden desk currently has no bids on it. The minimum bid that can be offered for it is $30 and its auction ends on March 23. The desk is described as scratched, chipped and may require cleaning.

Office chairs

• The current bid for the five red office chairs is $50. Like the other items, the bidding war ends on March 23. The minimum bid was also set for $50.

Taylor Acoustic Guitar with Case and Accessories

2014 Ford Explorer

Black and Decker 0.9 Cubic Feet Portable Washing Machine

James Bond Movie Posters

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How To Score Big At Government Auctions On Everything From Real Estate To Bugles

Rolex watches seized from drug lords. Homes confiscated from tax cheats. Blackhawk helicopters the military no longer needs. The federal government is auctioning off all this and more. The more often means mundane things like office chairs and shredders and mysterious things like swamp cooler pads and a Teel Diaphram Trash Pump.

These days most government auctions occur online, but some still offer the opportunity to check out the goods on site. If you go in person youll find the people-watching just as fascinating as the auction items themselves.

Several different federal agencies hold government auctions. The General Services Administration is the granddaddy of them all, because it sells on behalf of other departments. When a federal agency no longer needs something say, a pickup truck it reports the truck to GSA, which first offers it to other federal agencies and then to state and local governments or nonprofits. If nobody claims the truck, then the GSA auctions it off to the public, and you get your chance at it.

General Services Administration: GSA operates three different auction websites:

GSAAuctions.gov: This is GSA’s main auction site and features 23 different categories, including intriguing ones like “Boats and Marine Equipment”and “Artifacts, Jewelry and Exotic Collectibles” plus”NASA Shuttle/Hubble” along with much more mundane sections such as: “Agricultural Equipment and Supplies” and “Industrial Machinery.”

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Who Conducts A Sheriff’s Auction

A Sheriff’s auction is conducted by a Sheriff’s officer, not a real estate agent or auctioneer.

Sheriff’s auctions of real estate differ from usual auctions conducted by real estate agents/licensed auctioneers.

• A property can not be inspected prior to auction as the Sheriff does not obtain possession of a property as part of the sale process.
• A Sheriff’s auction does not operate under the Sale of Land Act 1962 and there is no requirement to provide a vendor’s statement under section 32 of the Sale of Land Act.
• Unless the court orders otherwise, the Sheriff has a duty to obtain a fair price. The Sheriff sets a reserve price, however, the reserve price is not disclosed.

What Bidders Need To Know

Before bidding at a real estate auction, you should understand the risk you are taking. A bad purchase could haunt you for years. You also need to understand the auctions rules and be prepared to follow them before trying to participate.

You will have to register and submit a refundable deposit of 5% to 10% of the propertys expected selling price to the entity holding the auction. If the auction is in person, be sure to check in at least an hour before the scheduled start and obtain an official card, which you will raise when you are ready to bid.

Winning a property at auction can work in two different ways.

• In a lender confirmation auction, the lender does not have to accept your offer, even if you are the highest bidder.
• In an absolute auction, the winning bid gets the property.

The starting price of the auction may be the balance owed on the mortgage or a lower amount designed to spur bidding. In a foreclosure auction, the lender is not allowed to profit from the auction. Often, these properties are sold at a loss if there is a profit, it is supposed to go to the foreclosed homeowner after the mortgage and any other liens are paid. Auction properties are not always great dealsfor example, the auctioneer could set a hidden reserve price on a property, which is the minimum that must be bid.

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Us Department Of Agriculture Rural Development

The USDA’s Rural Development division is tasked with helping citizens of rural areas get the mortgage loans they need to buy homes. They offer many different types of loan assistance to rural homebuyers, and they also sell a great deal of foreclosure real estate to the public for big discounts. If you’re interested in fixer upper homes or handyman specials, USDA homes also offers extra discounts on properties in disrepair. Buyers looking at property in rural areas should always investigate USDA homes, as they often offer the lowest prices available in the area.

Property Condition And Inspections

A house could have all kinds of problemsremember, it used to belong to someone who couldnt afford the mortgage or the property taxes, so the owner probably could not afford any routine maintenance or repairs, either. Furthermore, once the loss of the home appeared inevitable, the owner may have intentionally neglected it or even seriously damaged it. Also, a vacant property may have been vandalized or occupied by squatters.

Assume that if the property looks terrible from the outside, it probably looks terrible on the inside. Auction properties are sold as is, and you will need to be able to afford any and all repairs. Tempting though it may be, you should not trespass to get a better idea of the propertys condition. You may have seen flippers on TV entering backyards, peering in or even climbing through windows, but doing so is illegal, and you definitely dont want to disturb anyone occupying the home, not only out of courtesy but also for your safety. Seek information about the propertys ownership history from local government records, talk to local real estate agents, and respectfully request information from neighbors.

Even if you can get a home inspection, that still has its limits. Problems behind walls, in ceilings, and under floors might not be apparent until you take possession. If the utilities are turned off, you may not be able to detect leaks, electrical problems, broken appliances, or malfunctioning HVAC equipment.

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Sale Of Property Owned By The Government

Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.

Public auctions of government property may be conducted by whichever agency is auctioning the property. Some substantial items have been sold at public auction. For example, the United States NavycruiserPhiladelphia was sold at such an auction at the Puget Sound Navy Yard in 1927.

In 2021, GSA offered a 0.7501 share of a bitcoin valued more than $38,000 for an auction. Kevin Kerns, an acting regional administrator of GSAâs Southeast Sunbelt Region, stated: “Whether itâs a car, or a piece of jewelry, or now even cryptocurrency, you never know what kind of treasures youâll find on GSA Auctionsâ. It was the first time ever that GSA auctioned cryptocurrency.

Committee To Sell Assets Within Six Months

The Attorney-General of the Federation , Abubakar Malami, on November 9, 2020, inaugurated the Mr Apata-led committee with a mandate to collate and dispose of all assets that had been permanently forfeited to the Federal Government within six months.

Mr Apata, who is the Solicitor-General of the Federation and Permanent Secretary, Federal Ministry of Justice, said his committee was expected to carry out the disposal of assets, including, landed property, plants, machinery, vehicles, electronics, furniture and equipment.

The rest of such assets, according to him are, water vessels , jewelry, ornaments and clothing materials.

He said as of Tuesday, the committee has collated and is still updating the list of assets that have been finally forfeited to the Federal Government of Nigeria.

He added that the committee has noted that the forfeited assets are currently situated in 25 locations.

He said committee would be embarking on onsite verification/auditing of all the forfeited assets to confirm their existence and ascertain their current state.

He said the committee had also sought the collaboration of the Federal Ministry of Works and Housing on the asset valuation process in line with extant regulations.

Mr Apata also said the committee made publications in the Federal Government Tenders Journal and it two newspapers This Day and Daily Trust on February 1, 2021 to kick-start the disposal process.

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Finding Real Estate Auctions

One way to find auctions is by contacting local governments directly or visiting their websites for information and then following up by phone to confirm the details. Another is through sites such as RealtyTrac.com and Auction.com. However, online information is not always accurate.

Properties may be listed that are in pre-foreclosure, because the owner is behind on payments. These properties may never go up for sale because their owners catch up on payments or come to an arrangement with their lenders.

Local real estate agents and brokers can also be valuable resources. Unfortunately, you may not find them eager to help, because agents and brokers do not automatically earn commissions on live auctions. However, these realtors can earn commissions through online auctions.

Your Gateway To Government Police Forces & Hmrc Auctions

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Dc Surplus Property Auction

The Government of District of Columbia manages the sale of its surplus assets through online auction sales on dcgovt.govdeals.com. The program is managed by the DC Office of Contracting and Procurement , Surplus Property Division, and brings the District a streamlined process that creates a valuable revenue stream and meets the District’s criteria for transparent tracking and real-time reporting on transactions involving surplus property. Online auction items include items such as:

• Passenger cars and trucks
• Police, Fire and EMS vehicles
• Computers and electronic equipment
• Office furniture and supplies and
• Evidentiary items including jewelry, cars and other personal property.

The cash flow from the sale of the District’s surplus assets will be deposited directly back into the treasury and re-allocated to departments and programs within the government. The additional revenue will enable the District to more effectively address and meet the expectations of taxpayers.

For auction rules, start time, and location, see the instructions on the GovDeals website. For more information contact or call 541-6017.

Current DC employees or members of their households are not permitted to bid on DC Government surplus property.

Participating agencies include:

Selling More Property By Auction Across The Uk Than Anyone Else

Auction House is the UK’s largest residential and commercial property auction company, we sell more properties than any other auctioneer, and operate more auction rooms than anyone else. We also run regular National Online Auctions with eBay style internet bidding from the comfort of your own home. If you are looking for your next refurbishment project, buy to let investment, commercial property, land for a self-build, or simply a bargain property, register today to start receiving property alerts to help with your search. If you have property to sell, why not speak to one of our team in your area to find out how Auction House can provide you with an easier way to sell locally, regionally or indeed nationally.

COVID-19 Important Auction Information

COVID-19 Important Auction Information

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What Are Government Foreclosures

Government foreclosures are residential properties that have been repossessed and put up for sale by a government agency. The reasons for these sales can vary. In some cases, a property owner may have obtained a government-sponsored mortgage loan to buy real estate. Several government agencies, such as the Housing and Urban Development Department , the Federal Housing Authority , the Veteran’s Affairs department , offer mortgages to citizens at special rates. However, when a homeowner defaults on their mortgage, these agencies will have to repossess their property and sell it in order to get back the money lost on the unpaid loan.

Of course, there are other reasons government foreclosures are sold as well. Many homes are repossessed and sold by the Internal Revenue Service due to tax debts. In some cases, the U.S. Marshall’s office or Homeland Security department may sell property seized due to criminal activity.

Government foreclosures are sold every day across the nation, and are a key element of the U.S. housing supply. Best of all, government foreclosures offer some of the lowest prices on real estate buyers will find, and can be great opportunities for saving money and making great investments.

Sale Of Private Property In A Public Auction

Private property may be sold in a public auction for a number of reasons. It may be seized through a governmental process to satisfy a judgment rendered by a court or agency, or to liquidate a mortgage foreclosure, tax lien, or tax sale. Usually, prices obtained at a public auction to satisfy a judgment are distressed â that is, they are much lower than the price which would be obtained for that property if the seller were free to hold out for an optimal time to sell.

In the United States, public auctions to satisfy judgments are usually conducted under the authority of the sheriff of the county or city in which the property to be auctioned was seized pursuant to the judgment, and an auction held for such a purpose is also called a sheriff’s sale or sheriff sale.

Real property may be subject to a public auction in order to partition the property between joint tenants who can not agree as to how the property should be divided. An estate sale conducted at the direction of a probate court may also be conducted as a public auction.

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Research Properties Before You Bid

We are not responsible for the condition or quality of the properties being offered for sale. We recommend that you research each property.

It is important to determine whether there are other restrictions, charges or conditions that may affect a propertys value or sustainability.

Please do not trespass onto the properties being offered for sale. It would be an infringment on the owner’s right.

Surplus Property Public Tenders

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