In the US if a property owner does not pay his property taxes the government will take that property away from him either through a Tax Lien Sale and subsequent foreclosure of the lien or through a Tax Deed Sale.
Tax Deed Sales are a common way in many states for counties to get their Property Tax Dollars released to them. And it is a great way for Investors to get a property with a huge discount (sometimes as much as 60-80% below market value).
How do Tax Deed Sales work:
About 4 weeks prior to a scheduled auction by law the county (or in some cases the state) needs to publish a list in one newspaper of common circulation of all properties scheduled to come up for auction. Nowadays this list is usually also available online for free.
Anyone can obtain the list by either going online to the county webpage, or by getting a copy of that day's edition of that newspaper, or by asking the county for a copy of the list in form of CD (for which there is usually a small fee of a few dollars).
The public now has 4 weeks to do the proper research on these properties and decide which one to bid on.
In order to bid, the bidder needs to usually fill out a form and get a bidder number. Some counties require this to happen a few days in advance but some allow you to do this on auction day.
In many cases also proof of funds needs to be submitted on auction day or a few days in advance. Requirements vary by county but it is not uncommon to have the county require all bidders to bring at least $2500 in cash or cashier's check (or money order) and submit them to the county prior to auction. If the bidder does not win any property then the monies are refunded promptly by the county.
But then again in some other counties you just need to show upon registration that you have the cash with you and then you are allowed to bid. Please make sure to call the county of your choice prior to such an auction to make sure you know what you need to bring.
Once registered you receive a Bidder card with a number on it which you use to bid on any parcel you would like to.
Once the auction begins it works pretty much like any other auction. The bidding usually starts at the amount being owed in taxes (and fees and penalties) to the county and goes up from there.
The highest bidder wins and receives within a few weeks a "Treasurer's Deed" or a "Sherriff's Deed" from the respective county department.
Now the winning bidder is the new official owner of that property and can take possession of such property or proceed to sell it or do whatever he wants with it.
About the Author
Jack Bosch began investing in real estate in 1999. Along the way he discovered a secret way to buy land for pennies on the dollar and sell it for thousands. Jack continues to invest in real estate but now offers his secret system to You! To learn more go to LandForPennies.com & SecretLandProfits.com
Repo Car Auctions - Myths and Truths
Time and time again, people have been desiring new cars that drive their neighbors jealous to death. However, there's always a barrier: their high price tags. Can everyone afford a new Honda Civic for $20,000? Of course not. But because of our human nature, we all want one! So is there a distinct solution to this problem? Luckily for us all, there is, and its name is Repossessed Car Auctions, often referred to as Repo Car Auctions in short or Seized Car Auctions.
How much money can we save by using Repo Car Auctions? Well, it really depends on the type of car that you want. The newer the car, the higher the price will be! But as a rule of thumb, a discount of 50%-90% is highly possible for an average car in Repo Auto Auctions. That is a huge sum of savings, and will help you change your car much more regularly than before! However, if Repo Car Auctions can save us that much money, why doesn't everybody using it now? That's a fair question, and the answer is: that's because not everyone knows about it!
For a long time, Repo Car Auctions were secretive, and only inside dealers knew about time. Even today, it's still not as popular as it should be! That's why knowing about it alone can help you gain advantage over many people out there who have no idea about it! Nevertheless, there are still some things that you may want to know before going to a Repo Car Auctions. Due to the fact that the cars there are normally seized by the government or banks, don't expect them to be at the highest quality!
The cars have been used before, thus research is a must if you want to find a good deal at the auctions. But please don't be discouraged by that. Bringing a knowledgeable friend with you to the Auctions, checking the VIN number carefully, and inspecting the car you like thoroughly are usually enough to get your dream car at a price that everyone else is going to be jealous at!
About the Author
This is just a fraction of what you should know about Repo Car Auctions. Find out more at Repo Cars HQ!
How much money can we save by using Repo Car Auctions? Well, it really depends on the type of car that you want. The newer the car, the higher the price will be! But as a rule of thumb, a discount of 50%-90% is highly possible for an average car in Repo Auto Auctions. That is a huge sum of savings, and will help you change your car much more regularly than before! However, if Repo Car Auctions can save us that much money, why doesn't everybody using it now? That's a fair question, and the answer is: that's because not everyone knows about it!
For a long time, Repo Car Auctions were secretive, and only inside dealers knew about time. Even today, it's still not as popular as it should be! That's why knowing about it alone can help you gain advantage over many people out there who have no idea about it! Nevertheless, there are still some things that you may want to know before going to a Repo Car Auctions. Due to the fact that the cars there are normally seized by the government or banks, don't expect them to be at the highest quality!
The cars have been used before, thus research is a must if you want to find a good deal at the auctions. But please don't be discouraged by that. Bringing a knowledgeable friend with you to the Auctions, checking the VIN number carefully, and inspecting the car you like thoroughly are usually enough to get your dream car at a price that everyone else is going to be jealous at!
About the Author
This is just a fraction of what you should know about Repo Car Auctions. Find out more at Repo Cars HQ!
Buy Yourself a Great Car From a Police Repo Auction
Auto auctions can be a place to get some real deals if you know what to look for. Buying at a car auction you don't have some salesman bugging you to by this car. Also you will get that same car for a lot less money. Like in everything there are some things to watch out for. A used car has been used by someone else so use common sense when looking to buy a car. I make it my motto to research before I even set foot on the auction lot. Know what kind of vehicle you are looking for. What model and so forth. Make a short list of the kinds of car you want .The car you really desire may not be there.Then you may have to pick another type.
When you do find the car your looking for that is on the auction block, now is the time to check it out. Most auto auctions give you the chance to look it over, kick the tires and pop the hood .You'll want to start the vehicle, check the type of smoke pouring out the back end. Look for rust and dents.Take it for a little run around the lot. Just remember if it's not running how it should be there are other cars or auctions.
Now you have found the right car. The time to bid is here. Most cars have a reserve bid on them (some can sell unreserved). The reserve bid is the minimum that this car will sell at. Bidding will start below this number to get the bidders warmed up. Most auto auction companies will let the bidders know when the reserve bid has been met. This is where you have the chance to get a good used car for a bargain price. Bidding in auto auctions can also be done online. If you want to bid in an online auto auction, make very sure you have checked the car out first.
Whether online or live, make sure that you set yourself a budget and stick to it. Auto auctions are very fast moving. Don't get carried away with the excitement. Many people can get carried away with auction fever and bid to high for a car. You may want to go to a couple auctions first just to observe. Used car dealers often go to auto auctions to find the cars for their lots, so if you bid against them and win, you have probably saved yourself a lot of the money that they would have made on the car if they would have sold you the car from their lot.
About the Author
Rick Williamson is author and owner of www.clickbankways.com
When you do find the car your looking for that is on the auction block, now is the time to check it out. Most auto auctions give you the chance to look it over, kick the tires and pop the hood .You'll want to start the vehicle, check the type of smoke pouring out the back end. Look for rust and dents.Take it for a little run around the lot. Just remember if it's not running how it should be there are other cars or auctions.
Now you have found the right car. The time to bid is here. Most cars have a reserve bid on them (some can sell unreserved). The reserve bid is the minimum that this car will sell at. Bidding will start below this number to get the bidders warmed up. Most auto auction companies will let the bidders know when the reserve bid has been met. This is where you have the chance to get a good used car for a bargain price. Bidding in auto auctions can also be done online. If you want to bid in an online auto auction, make very sure you have checked the car out first.
Whether online or live, make sure that you set yourself a budget and stick to it. Auto auctions are very fast moving. Don't get carried away with the excitement. Many people can get carried away with auction fever and bid to high for a car. You may want to go to a couple auctions first just to observe. Used car dealers often go to auto auctions to find the cars for their lots, so if you bid against them and win, you have probably saved yourself a lot of the money that they would have made on the car if they would have sold you the car from their lot.
About the Author
Rick Williamson is author and owner of www.clickbankways.com
Government Repossessed Car Auctions - What You Can Do to Find Them
If you have ever heard of government repossessed car auctions, you know that vehicles there are sold at unbelievably low prices. You might have also heard that some guys make huge profits out of their car reselling business thanks to these auctions. So, if you are on an auto hunt, wait no longer. Locate the next government repossessed car auction in your area and make the best out of it!
Unfortunately, it is often easier said than done. Since these auctions rarely advertise on a large scale, an ordinary consumer gets to know about one either by a word of mouth or sheer luck. Yet, a lot of regularly hold cheap auto auctions come and go unnoticed, even the ones close to you. So, what can you do in order to track these government repossessed car auctions?
One way is to perform an extensive search on your own. Check national and local newspapers for the auction announcements and keep doing it regularly. Some large newspapers publish their classified ads online as well. The drawback of this method is obvious: if you can find an auction that is advertised in a national newspaper, so can other people; in other words, the auction is likely to draw a lot of participants, intensifying the competition.
Note that in many cases, government is not interested in paying for a big advertising campaign, since the vehicles are sold at 80-90% off their market value. Therefore, many government repossessed car auctions are held by small privately owned auction companies, hardly known to public. Ideally, you need to locate this type of an auction, because fewer people mean fewer bids and more chances to win an awesome bargain.
You can try and contact various government agencies on local, federal and state levels to gather information on auto auction locations and schedules. And though your investigation can take days, chances are you will find what you were looking for.
Don't forget to check out financial institutions and banks as well - they are the main suppliers of repossessed vehicles, so they should be able to provide you with the desired information.
In case you want to save your time and energy, there is an easier way to find what you want. Specially compiled online directories provide you with all the information on government repossessed car auctions in your area as well as across the entire country for a low one-time fee, and you can search their database on an unlimited basis.
Run an instant search at the site listed below for government repossessed car auctions near you today.
About the Author
Davion is crazy about fast cars. Uncover useful tips on seized car auctions such as where to find cheap seized car auctions near your home at his wildly successful car blog. Also, read another of his popular article on seized car auctions.
Unfortunately, it is often easier said than done. Since these auctions rarely advertise on a large scale, an ordinary consumer gets to know about one either by a word of mouth or sheer luck. Yet, a lot of regularly hold cheap auto auctions come and go unnoticed, even the ones close to you. So, what can you do in order to track these government repossessed car auctions?
One way is to perform an extensive search on your own. Check national and local newspapers for the auction announcements and keep doing it regularly. Some large newspapers publish their classified ads online as well. The drawback of this method is obvious: if you can find an auction that is advertised in a national newspaper, so can other people; in other words, the auction is likely to draw a lot of participants, intensifying the competition.
Note that in many cases, government is not interested in paying for a big advertising campaign, since the vehicles are sold at 80-90% off their market value. Therefore, many government repossessed car auctions are held by small privately owned auction companies, hardly known to public. Ideally, you need to locate this type of an auction, because fewer people mean fewer bids and more chances to win an awesome bargain.
You can try and contact various government agencies on local, federal and state levels to gather information on auto auction locations and schedules. And though your investigation can take days, chances are you will find what you were looking for.
Don't forget to check out financial institutions and banks as well - they are the main suppliers of repossessed vehicles, so they should be able to provide you with the desired information.
In case you want to save your time and energy, there is an easier way to find what you want. Specially compiled online directories provide you with all the information on government repossessed car auctions in your area as well as across the entire country for a low one-time fee, and you can search their database on an unlimited basis.
Run an instant search at the site listed below for government repossessed car auctions near you today.
About the Author
Davion is crazy about fast cars. Uncover useful tips on seized car auctions such as where to find cheap seized car auctions near your home at his wildly successful car blog. Also, read another of his popular article on seized car auctions.
Car Auction: Pros And Cons Of Purchasing An Auto At Auctions
Are you used to purchasing different items at auctions? If you are, perhaps you are considering buying a vehicle at car auctions.
You probably might know some people and investors who constantly buy repossessed and second-hand cars at car auctions. Then, you should know that auto purchase at such occasions would not just be practical but also could be a very wise move, investment wise.
In the United States and in almost all developed countries worldwide, regular car auctions are regularly held at cities, towns and communities. And certainly, there are always numerous car buyers who are lining up and bidding to purchase autos.
Through the years, there must be numerous perks and advantages to buying cars at auctions. And of course, there are several disadvantages as well. It would be helpful if you would ponder on the pros and cons of buying a car at car auctions. First, take a look at the following advantages.
1. Cars at auctions are usually very cheap compared to cars sold at conventional car dealerships and distributors. That is why people who are into a limited budget are always falling into queues just to get to almost every car auction in the community.
2. You would be able to secure and purchase the best and functionally reliable autos at car auctions. The organizers always make sure each vehicle they sell at auctions are of high quality and are very much in good condition for buyers to want to buy it.
3. The best car brands and models are sold at very reasonable prices.
4. There are many vintage cars that could almost pass as collectors' items that are sold at auctions. And of course, at very cheap and reasonable prices.
After the advantages, it would be wise to also take a look at the possible and usual setbacks of buying cars at auctions.
1. Cars are cheap because they are usually repossessed or confiscated cars. Second-hand cars sold can also not be second hand at all, but third-hand, fourth-hand and so on.
2. Many cars auctioned are not of good mechanical condition. Some of them are just refurbished and made to look good and functional during the auction but when the buyer finally use the cars, flaws and damages would start appearing.
3. Most or almost all cars sold at auctions do not have warranties and insurance coverage, not unlike their counterparts sold at traditional and formal dealers and distributors.
4. There is a possibility that you may be acquiring a 'hot' car or a vehicle that has been illegally smuggled into the country or has been stolen and then sold to the market. You may have troubles over the car's ownership in the future.
Car buyers are divided on their stand on whether it is advantageous or not to purchase autos at auctions. You would have to decide for yourself with regards to this. You may expand the given lists of pros and cons above so that you would come up with a more informed decision as you move to buy your own car.
When deciding on whether you would purchase an auto at auction, you can first take advice from experts or hear feedbacks from car buyers who have already acquired cars at such auctions.
About the Author
Alex Baumm. Learn much more about Car Auctions and Auto Purchase at our forums.
You probably might know some people and investors who constantly buy repossessed and second-hand cars at car auctions. Then, you should know that auto purchase at such occasions would not just be practical but also could be a very wise move, investment wise.
In the United States and in almost all developed countries worldwide, regular car auctions are regularly held at cities, towns and communities. And certainly, there are always numerous car buyers who are lining up and bidding to purchase autos.
Through the years, there must be numerous perks and advantages to buying cars at auctions. And of course, there are several disadvantages as well. It would be helpful if you would ponder on the pros and cons of buying a car at car auctions. First, take a look at the following advantages.
1. Cars at auctions are usually very cheap compared to cars sold at conventional car dealerships and distributors. That is why people who are into a limited budget are always falling into queues just to get to almost every car auction in the community.
2. You would be able to secure and purchase the best and functionally reliable autos at car auctions. The organizers always make sure each vehicle they sell at auctions are of high quality and are very much in good condition for buyers to want to buy it.
3. The best car brands and models are sold at very reasonable prices.
4. There are many vintage cars that could almost pass as collectors' items that are sold at auctions. And of course, at very cheap and reasonable prices.
After the advantages, it would be wise to also take a look at the possible and usual setbacks of buying cars at auctions.
1. Cars are cheap because they are usually repossessed or confiscated cars. Second-hand cars sold can also not be second hand at all, but third-hand, fourth-hand and so on.
2. Many cars auctioned are not of good mechanical condition. Some of them are just refurbished and made to look good and functional during the auction but when the buyer finally use the cars, flaws and damages would start appearing.
3. Most or almost all cars sold at auctions do not have warranties and insurance coverage, not unlike their counterparts sold at traditional and formal dealers and distributors.
4. There is a possibility that you may be acquiring a 'hot' car or a vehicle that has been illegally smuggled into the country or has been stolen and then sold to the market. You may have troubles over the car's ownership in the future.
Car buyers are divided on their stand on whether it is advantageous or not to purchase autos at auctions. You would have to decide for yourself with regards to this. You may expand the given lists of pros and cons above so that you would come up with a more informed decision as you move to buy your own car.
When deciding on whether you would purchase an auto at auction, you can first take advice from experts or hear feedbacks from car buyers who have already acquired cars at such auctions.
About the Author
Alex Baumm. Learn much more about Car Auctions and Auto Purchase at our forums.
Bad Economy is Good Opportunity
If you go to an auto auction when the economy is smoking and every ones attitude is optimistic you will find it nearly impossible to get a good deal. Thousands of cars and trucks go through and they are all unbelievably high. But if you have a marginal economy where people are unsure of the economic outlook, the deals start to reveal themselves, especially on project vehicles.
I have been to the wholesale auto auctions many times during good economies and the prices are so high that it makes you a little sick to your stomach just to watch it. You just wonder if the auction staff is going to give the high bidders hot dogs and balloons with their retail purchases. I personally cannot imagine what they are doing with these vehicles that they get hung in the backsides, but apparently they pass the cost off on their loyal customers. You would often wonder if they can actually find someone out there that would be willing to give more for the units than they did.
Not to mention during the better economies a lot of people decide it would be a great idea to become a dealer. They usually don't last long, but while they are around these newbies become the target of an unspoken campaign to relieve them of their assets. That is another subject all together. The point is that their inexperience leads them to give to much for cars and trucks.
Then you add the fact that new car stores are buying up everything with a steering wheel, 4 wheels and under 70,000 miles. Which in effect forces used car dealers to give more for lower quality vehicles just to have some on their lots. I'm sure they resign themselves to the fact that "I'll just have to sell more volume and make less on each unit.". Which is comical to me, worst part is I've caught myself saying such ridiculous things (again another subject).
When the economy is bad the dealers confidence wavers and they will pass on a lot of great deals just because it needs some paint work, windshields a transmission or whatever. That is the stuff I target year round. The dealers dropped perception of value becomes the greatest opportunity. The same dealers that were given the bank for cars and trucks with damage are running from any kind of necessary repairs. The funny part about it is that even if you buy one you think is perfect at an auction, you discover otherwise by the time you get it home.
Give me a project car anytime. You know for a fact that it has problems and are rewarded for your confidence with a better price. As long as you have a good network of mechanics, body shops etc.. you will do well to get it repaired and road ready.
If you are an individual who is thinking about becoming a dealer, by all means reconsider. You will make more money buying project cars as an individual than you could ever make as a dealer. I remember the days when I was just buying them on the side and making a ton of money. As a dealer you have high insurance, paperwork, overhead, customer liabilities (a big one) and a lot more to deal with. You would do better to get cars and trucks from a local public auction or an online auction venue like VprojectCar.com.
Now is the time to start buying them up. Get the deals while they are out there. You will make some money and stimulate the economy getting it ready and maybe help someone else get a great deal on a vehicle when you sell it. Happy project car hunting.
About the Author
Founder of Black Meadow Financial Group and VprojectC
I have been to the wholesale auto auctions many times during good economies and the prices are so high that it makes you a little sick to your stomach just to watch it. You just wonder if the auction staff is going to give the high bidders hot dogs and balloons with their retail purchases. I personally cannot imagine what they are doing with these vehicles that they get hung in the backsides, but apparently they pass the cost off on their loyal customers. You would often wonder if they can actually find someone out there that would be willing to give more for the units than they did.
Not to mention during the better economies a lot of people decide it would be a great idea to become a dealer. They usually don't last long, but while they are around these newbies become the target of an unspoken campaign to relieve them of their assets. That is another subject all together. The point is that their inexperience leads them to give to much for cars and trucks.
Then you add the fact that new car stores are buying up everything with a steering wheel, 4 wheels and under 70,000 miles. Which in effect forces used car dealers to give more for lower quality vehicles just to have some on their lots. I'm sure they resign themselves to the fact that "I'll just have to sell more volume and make less on each unit.". Which is comical to me, worst part is I've caught myself saying such ridiculous things (again another subject).
When the economy is bad the dealers confidence wavers and they will pass on a lot of great deals just because it needs some paint work, windshields a transmission or whatever. That is the stuff I target year round. The dealers dropped perception of value becomes the greatest opportunity. The same dealers that were given the bank for cars and trucks with damage are running from any kind of necessary repairs. The funny part about it is that even if you buy one you think is perfect at an auction, you discover otherwise by the time you get it home.
Give me a project car anytime. You know for a fact that it has problems and are rewarded for your confidence with a better price. As long as you have a good network of mechanics, body shops etc.. you will do well to get it repaired and road ready.
If you are an individual who is thinking about becoming a dealer, by all means reconsider. You will make more money buying project cars as an individual than you could ever make as a dealer. I remember the days when I was just buying them on the side and making a ton of money. As a dealer you have high insurance, paperwork, overhead, customer liabilities (a big one) and a lot more to deal with. You would do better to get cars and trucks from a local public auction or an online auction venue like VprojectCar.com.
Now is the time to start buying them up. Get the deals while they are out there. You will make some money and stimulate the economy getting it ready and maybe help someone else get a great deal on a vehicle when you sell it. Happy project car hunting.
About the Author
Founder of Black Meadow Financial Group and VprojectC
Buying Cheap Cars From US Auto Auctions
Do you need a car? Do you want a quality vehicle that is both economical and safe? Is it possible for you to own a good quality car without it costing an arm and a leg; and you can do this while helping the government in the process?
It sounds amazing and impossible, doesn't it? Rest assured though that is quite true: you too can own a quality vehicle at an extremely affordable price, and you get to help the US government when you this.
This is made possible by taking part of the various US auto auctions. Help the government defer costs by purchasing a vehicle from them. This will save you money on your purchase and help save tax payer's money in the process. It's a win-win situation for all.
What is in the jellybean jar?
You can purchase all types of vehicles from US auto auctions in your area. Depending on which government agency is conducting the US auto auction, you can find vehicles like regular sedans but you may also find specialized vehicles. Tractors, police vehicles, heavy trucks and ambulances all fall under the specialized vehicles category and you may find and purchase these through a US auto auction.
While US auto auctions by the government usually auction off vehicles that were previously owned by government staff, there are also US auto auctions that sell off seized properties. These seized vehicles at US auto auctions were previously confiscated when either by the US Customs and Border Protection or any US Treasury agency. Usually you can find a lot of fantastic finds at these auctions for luxury vehicles at affordable prizes.
The process
It is quite an easy process to purchase previously owned vehicles from the government through US auto auctions. You can be one of the thousands of people who have benefited from attending and purchasing from US auto auctions. All you have to do to begin is check out your eligibility for these auctions. Usually, government agency employees and their immediate family cannot join US auto auctions by the agency that they work for.
Next, check out the schedules and location of the US auto auctions near you. Once you have gotten the schedule and location, you must register to participate for your chosen US auto auctions. Registration for these auctions is for free.
Make sure to take note of the auction house's Inspection Day and take advantage of this time to carefully inspect the vehicles before hand. This will give you a chance to choose which vehicle you would like to bid on and what kind of condition it is in.
All these details, with the help of the auction catalog that you can either find online or at the auction house, will help you calculate your budget and target price for the vehicle.
For listings of government car auctions, please visit http://www.buy-cheap-cars.info.
It sounds amazing and impossible, doesn't it? Rest assured though that is quite true: you too can own a quality vehicle at an extremely affordable price, and you get to help the US government when you this.
This is made possible by taking part of the various US auto auctions. Help the government defer costs by purchasing a vehicle from them. This will save you money on your purchase and help save tax payer's money in the process. It's a win-win situation for all.
What is in the jellybean jar?
You can purchase all types of vehicles from US auto auctions in your area. Depending on which government agency is conducting the US auto auction, you can find vehicles like regular sedans but you may also find specialized vehicles. Tractors, police vehicles, heavy trucks and ambulances all fall under the specialized vehicles category and you may find and purchase these through a US auto auction.
While US auto auctions by the government usually auction off vehicles that were previously owned by government staff, there are also US auto auctions that sell off seized properties. These seized vehicles at US auto auctions were previously confiscated when either by the US Customs and Border Protection or any US Treasury agency. Usually you can find a lot of fantastic finds at these auctions for luxury vehicles at affordable prizes.
The process
It is quite an easy process to purchase previously owned vehicles from the government through US auto auctions. You can be one of the thousands of people who have benefited from attending and purchasing from US auto auctions. All you have to do to begin is check out your eligibility for these auctions. Usually, government agency employees and their immediate family cannot join US auto auctions by the agency that they work for.
Next, check out the schedules and location of the US auto auctions near you. Once you have gotten the schedule and location, you must register to participate for your chosen US auto auctions. Registration for these auctions is for free.
Make sure to take note of the auction house's Inspection Day and take advantage of this time to carefully inspect the vehicles before hand. This will give you a chance to choose which vehicle you would like to bid on and what kind of condition it is in.
All these details, with the help of the auction catalog that you can either find online or at the auction house, will help you calculate your budget and target price for the vehicle.
For listings of government car auctions, please visit http://www.buy-cheap-cars.info.
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