Locating Seized Auction Sales
If youre not slathering on the SPF and breaking out the Bermuda shorts yet, youre a land lubber for sure! For the rest of you, Boat Auctions Directreally delivers the seized goods. Finding Bank and/or Goverment seized boats for sale, including seized sailboats and luxury yachts used to be difficultbut not now. Their searchable database includes state and local government seized auctions, along with resources for seized boats that landed in the salvage yards.
Were gazing through a wide open window witnessing a boat buyers market unlike anything weve seen in history. Bank repos and police seizures, like Madoffs Yacht, are indicative of whats still lies ahead.
So, right now we may actually have a realistic chance to make our next boat purchase a smart investment. Even if you arent buying any of Madoffs Bull, theres still other repos that will fit about anyones wallet.
Types Of Seized Property
Seized property could be any asset acquired as proceeds of crime or any object used to commit a crime.
Seized property may include:
- cash, equities, loans, registered retirement savings plans , bank accounts, lottery tickets, life insurance policies, personal loans or mortgages
- vehicles, motorcycles, boats or aircraft
- real property like houses, buildings or land
- personal property like jewelry, furniture or electronics
Our Authority During A Property Seizure
The came into effect on September 1, 1993.
The act gave the Government of Canada the authority to:
- provide consultative and managerial services to law enforcement agencies in relation to seized or restrained property in connection with designated criminal offences
- dispose of seized property when the courts declare forfeiture
We also provide seized property management and secure storage services to any federal agency, department or Crown corporation on a cost-recovery basis. Section 16 of the
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How Governments Can Seize Private Property
Eminent domain has a lengthy history in the U.S. as a means of allowing the government to claim private property for public use. For example, some of the earliest instances of eminent domain being exercised by the federal government include the use of private land to construct public buildings, the facilitation of water supply to populated areas and the manufacturing and production of war materials.
In terms of how the eminent domain process works, it begins with the government identifying private property which may be necessary to seize. For instance, say there are plans to expand a publicly maintained interstate that take the new road through a plot of farmland you happen to own. The government will then work with appraisers to determine an appropriate value for the piece of land or property in question.
Summer Surplus Land Auction
We will be offering public land for sale through online auctions between Aug. 2 and Sept. 9. There will be 188 surplus properties available in Alcona, Alpena, Antrim, Arenac, Berrien, Charlevoix, Chippewa, Dickinson, Emmet, Gogebic, Grand Traverse, Houghton, Huron, Iosco, Iron, Lake, Lapeer, Luce, Mackinac, Macomb, Marquette, Mason, Newaygo, Oceana, Ontonagon, Roscommon, St. Clair, Sanilac, St. Joseph, Van Buren and Washtenaw counties.
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Boats From 80 In Seized Harbour Auction
Everyone loves a bargain! Get your hands on a boat for as little as £80 this February. Crown Consultants and AuctioneersLot 2: Sun Rise A Norman 61421 River CruiserLot 3: Bo-Tel 6m River CruiserLot 4: Macaw Shetland 212Lot 5: Phoenix 2255 GRP River CruiserLot 6: GRP River Cruiser ProjectLot 7: Avon Rover 2.8 RibLot 8: Mary Morgan GRP Sailing BoatLot 9: Morwenna Atlantic Clipper Project 1973 36 KetchLot 10: Ambition 10.5m Blue Water YachtLot 11: Marguerite GRP Day SailerLot 12: Topper 7397 Sailing DinghyLot 13: Topper Sailing DinghyLot 14: Splosh GRP Day SailerLot 15: 5m Carval Built Day SailerLot 16: Mirror Sailing DinghyLot 17: Sparrowhawk 3m GRT TenderLot 18: Windward Inflatable TenderLot 19: Inflatable Tender
Tips For Participating In Government Auctions
The general rule for auctions is that the highest bidder wins, and cancellation is not possible. Check with the auction site ahead of time to find out if you can cancel a bid.
Each auction website operates differently. In some cases, the government agency itself runs the auctions. In other cases, the agency operates the shopping site, but a third-party company handles the auction itself.
Find out what forms of payment auctions accept. There is no uniform payment policy across all the different auctions. Some auctions accept credit card payments or personal checks. Others, such as the Internal Revenue Service , don’t accept either of these. Most auctions accept cashier’s checks.
For real estate auctions, you may need to work with a broker or real estate agent to bid or make the purchase. Also, for real estate auctions, find out if financing is permitted. Many times it is not and the full purchase price is due when you win the bid.
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What Are The Other Potential Impacts Of Property Seizure
Having part or all of your property seized can result in tax implications if you’re required to pay capital gains tax on the compensation you receive. Likewise, you may have to pay compensation to tenants if you rented out property that was seized through eminent domain. If you’re a renter, you may be displaced from your home which could affect you financially if you’re unable to find replacement housing at a similar price. On a larger scale, eminent domain can be abused if a property is seized without compensation being provided.
Beginning With The Most Relevant And Asset Specific Resource
1.Boat AuctionsDirect.com.is this years holy grail Government boat auctions/bank repo source for serious bargain shoppers.
Unlike any other auction sources it actively aggregates, organizes, then spoon feeds members boat, yacht, pwc, rv, atv, and other marine related auction sources that deliver. And the auctions are piled high and deep.
Since joining last February I keep watching repos come in. Even new boats are now being sold via short sale. This is where banks agree to accept less than what the dealers loan balance.
Who would have ever thought there would come a day when a marine dealer would get excited about offering you less than what he paid?
Anyway, Boat Auction Directs members panel presents that along with US Government Boat Auctions.Simply by clicking the Government Sources image, then your area, youre in. Its a real simple and laser like resource that weeds out what every other auction source throws in and brags about.
2.Government Auctionsfound at Govt-Auctions.org offers a few boat auction sources. But makes up for it with the vast amount of seized assets including cars, suvs, cycles, real-estate, jewelry, and a lot more.
SCROLL DOWN TO BOTTOM OF PAGE FOR RECENT LOCAL US GOVERNMENT AUCTIONS & UPDATES
Heres a word to the wise:
A highly under rated source for US Goverment boat auctions are pay per membership auction databases
a reliable auction source can be a real gold mine.
Their online data base has the following types of auctions:
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Surplus Property Open To Offers
The site and its content are made available by the New Brunswick Department of Transportation and Infrastructure as a public service without warranties of any kind, express or implied. Properties are sold on an as is basis, may require unknown repairs and may not have been inspected by DTI. While the information or photographs may not be free from error or omission, care has been taken to ensure the best possible quality. Statements or photographs regarding the condition of the properties are offered for information only and are not an enforceable condition of sale. DTI makes no representations or warranties, either expressed or implied, as to the condition of the properties, nor to the accuracy, currency or completeness of the information or photographs presented. The user assumes the entire risk as to the use of any or all information or photographs.
All surplus property is sold on an “as is, where is” basis and the Province will make no warranty whatsoever with regard to title.
It is the responsibility of the Purchaser/Bidder to determine if there is access or a right of way to the property and what encumbrances are against the property.
The successful purchaser will be responsible for the payment of H.S.T. where applicable, and all document preparation and related fees, at the date of closing.
Purchasers must be of the age of majority in NB to take title.
What Eminent Domain Means For Landowners
To understand what eminent domain means for landowners, it helps to understand what it means to hold property rights. Broadly speaking, property rights refers to theoretical and legal ownership of resources and how those resources can be used. When you’re discussing eminent domain, the term property rights is used in the context of land or buildings. Someone who has property rights can do what they like with the property with regard to how it’s used .
The government doesn’t have free rein to take someone’s property, however. The Fifth Amendment to the Constitution states that nor shall private property be taken for public use, without just compensation. Just compensation means that a property cannot be seized unless the party whose property is taken is given full and adequate compensation for it in return.
As mentioned, the eminent domain process involves an appraisal of the property. Once the appraisal is determined, the government will make an offer to the property owner to purchase it. If the property owner accepts, they receive payment and the government assumes ownership of the land. If they choose not to accept, the process continues with condemnation proceedings. At this stage, the property owner may attempt to do one of two things:
- Secure an independent valuation of the property if they believe the price offered by the government is unfair
- Protest the seizure on the grounds that they disagree with what the property is intended to be used for
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Seized Boats For Sale Dirt Cheap
Oregon Marina Wants Them Gone: Any Offer Considered
There is an Oregon marina with some derelict and abandoned boats for sale. Any offer to the marina office with a removal plan will be considered, says the notice posted by the Warrenton Marina, which is located near the mouth of the Columbia River.
The Daily Astorian quoted Harbormaster Jane Sweet on the effort to purge the docks of boats that have become the responsibility of marina staff, taking up space and swallowing resources. Heres what the newspaper said.
The seized vessels range in price from $1,000 for the American to more than $7,000 for the 72-foot-long fishing vessel Master Chris. That last vessel is the one Sweet would really like to see go away, but she knows the smaller boats have a better chance at adoption. The person who built the Dixie Lee, a wooden fishing boat, for instance, has expressed some interest in getting it back for the family.
Georgia Auctions And Sales
Why list “operational condition unknown”?
Sellers wrestle with this issue all the time. While more information may help the buyer make an informed decision, in surplus, this isn’t always an option. Often, the individuals reporting the property have no idea of its operational condition, if it is complete, and occasionally, what it even is!
Since Georgia State Surplus is located around the state, we can only see the description and photos provided. The equipment condition may change in the time it is presented and then sold and removed. We prefer to err on the side of caution and have the buyer inspect the item so there is no question.
Remember, you are bidding on used property, there is a reason it is being disposed of:
- Please read all the terms and conditions before you bid on any property.
- Offered property is used and sold in as-is, where-is condition.
- Bidders are not only invited but strongly encouraged to inspect the property before placing a bid.
- When applicable, GA sales taxes will be collected unless there is a tax-exempt certificate.
- Please do not try to pick up property until you receive the emailed Georgia Bill of Sale with pick up instructions.
- Any claim for mis-description must be made prior to removing the property.
- Contact a Surplus Representative if you have any questions.
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Approved Land For Sale State Map
A map of surplus properties that has been approved as available for disposal can be found below. Although these parcels have been approved for sale, they do not have a current sealed bid auction date nor appraisal established at this time. This map does not contain all available real estate, but is updated as surplus real estate is identified. If there is a specific piece of real estate you are interested in that is not listed on this map, please fill out the Surplus Land Request Form above.
Government Property For Sale Or Disposal
GSA frequently has surplus personal property and real property which it makes available for sale or lease by qualified parties.
Furniture and equipment such as appliances, wall hangings, technological devices, and the relocation expenses for such property.
Real Property relates to land and structures on that land, and includes undeveloped land, office buildings military holdings and more.
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Rates for Alaska, Hawaii, U.S. Territories and Possessions are set by the Department of Defense.
Rates for foreign countries are set by the State Department.
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Native Americans And Land Seizures
Some of the earliest instances of eminent domain involved the seizure of tribal lands held by Native Americans beginning in the 1700s and continuing throughout the 1800s. Some of these seizures were conducted through military force, while others involved treaty agreements. One of the most well-known eminent domain events was the forcible removal and relocation of Cherokee from the southeast United States to what is now Oklahoma in the mid-1800s.
As part of a treaty agreement, the U.S. government agreed to pay the tribe $5 million along with compensation for houses and property. The treaty terms were rejected by the Cherokee, who refused to leave their lands. Under orders from then-President Martin Van Buren, members of the tribe were rounded up and forced to walk cross-country. The “Trail of Tears” resulted in the deaths of approximately 25% of the tribe.
Today, there are specific laws in place governing the use of eminent domain for the seizure of tribal lands. Federal law allows state governments to take allotments held by the United States in trust for individual tribal citizens when necessary for public use. For example, states can claim these allotments if needed to allow for a utility easement. But states cannot claim tribal lands outright under eminent domain.
Government Seized Homes For Sale
By | Submitted On November 07, 2007
We all know what an auction is, but not everyone knows about the various types of auctions out there. One of the most popular auctions — and the type I’ll be discussing — is known as a seized property auction. A wide variety of items may be found there but I will specifically be speaking about real estate, which is always a hot seller at the auctions. Just like any other item of value, homes are also acquired by the federal government and are then offered up to the public through a live or online auction.
The homes that are confiscated and then sold might be acquired for a number of reasons, some more common than others. Probably the most common reason for the acquisition or confiscation of real property by the government is illegal activity. The previous owners of the property generally either committed a crime on the property or purchased it from ill-gotten gains. Tax evasion or other obligations to the IRS and local tax authorities may also be another reason for the acquisition.
Finding the right type of home might not be a simple task but thanks to Internet resource websites like GovernmentAuctions.org it’s become a heck of a lot easier. Websites like theirs connect you to hundreds of government auction sources and agencies and place all of that information right at your fingertips. It’s so simple and intuitive almost anyone looking to invest in real estate can do it!
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Potential Impact Of Eminent Domain On Non
If you don’t own land or property you might assume that eminent domain is something you need never worry about. However, it’s possible that you could be affected if you rent a property for residential or business purposes that is seized by the government.
Say, for example, that you rent an apartment in a building that’s owned privately. The government decides to seize the building and turn it into public housing as part of an urban renewal project. This means first and foremost that you would need to find a new place to live. But it can also introduce sticky financial and legal issues if your lease agreement guarantees you some form of compensation due to an eminent domain seizure.
Assuming that your lease is terminated because eminent domain is being exercised, you may be able to recover your security deposit and any advance payments made against rent. But you may also be eligible to receive compensation for any costs related to being displaced as a result of the seizure. Talking to an attorney can help you determine your rights and what you may be entitled to.