{"id":28021,"date":"2015-08-07T15:39:22","date_gmt":"2015-08-07T19:39:22","guid":{"rendered":"http:\/\/www.governmentauctions.org\/blog\/?p=28021"},"modified":"2015-08-07T15:39:22","modified_gmt":"2015-08-07T19:39:22","slug":"government-surplus-auction-guide","status":"publish","type":"post","link":"https:\/\/www.governmentauctions.org\/blog\/2015\/08\/07\/government-surplus-auction-guide\/","title":{"rendered":"Government Surplus Auction Guide"},"content":{"rendered":"

\"Government<\/a><\/p>\n

Hey there! We heard that you want to know how a typical government auction works, and we would love to help you understand everything from beginning to end.<\/b>Here’s a behind the scenes<\/b>\u00a0look at the government surplus auctions scene from our comprehensive\u00a0experiences in the field as\u00a0<\/b>well as from\u00a0an online government auctions websites perspective.\u00a0<\/b><\/h3>\n

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There are two main categories of federal government auctions:<\/h2>\n

A)\u00a0Seized Property Auctions:<\/i><\/b><\/h4>\n

This includes\u00a0government\u00a0seized\u00a0car auctions, other seized auctions, seized auto auction, etc.<\/p>\n

<\/i><\/b>B)\u00a0<\/span>Surplus Property Auctions:<\/i><\/b><\/h4>\n

\u00a0This includes original property of the military surplus auction, state auctions like Wisconsin surplus auction, and other military surplus auctions.<\/p>\n

Seized Property Auctions<\/b>:<\/h2>\n

A) come about via<\/p>\n

i.\u00a0Criminal Seizures<\/i><\/strong><\/p>\n

Example<\/span>:\u00a0Drug trafficker\u2019s home is raided, and his possessions are confiscated because they were purchased with money made from illegal activities.<\/p>\n

ii.\u00a0Tax Seizures<\/i><\/strong><\/p>\n

Example<\/span>:\u00a0IRS finds individual did not pay the required tax, and seizes the person\u2019s possessions, (like cars, jewelry, and real estate) and sells them with the intent to sell them to satisfy outstanding tax liability. Sometimes these are even sold via online tax lien auctions!<\/p>\n

iii.\u00a0Customs Seizures<\/i><\/strong><\/p>\n

Example<\/span>:\u00a0\u00a0from companies that tried to smuggle merchandise into the country without paying import duties or declaring merchandise properly, or even from people that failed to declare their merchandise properly when returning from a foreign vacation.<\/p>\n

All of the above is included as well as any other ill-gotten gains.<\/p>\n

Example<\/span>:\u00a0Police seizures\u00a0of stolen property, not claimed by rightful owner within the allotted time, so the property goes into a police seized auction.<\/p>\n

Example<\/span>:\u00a0<\/i>local sheriff\u2019s sales\u00a0of foreclosed real estate and other court ordered assets go into federal government auctions that specialize in government property auctions.<\/p>\n

Surplus Property Auctions:<\/b><\/h2>\n

These are essentially US government auctions for goods or property that a particular government agency no longer needs or that have been become obsolete by government standards. This category includes state surplus auction sales as well.<\/p>\n

Example<\/span>:\u00a0a particular state decides to sell its automobiles or other equipment which it no longer has any use for, and it decides to upgrade by selling its unwanted assets in a gov surplus auction.<\/p>\n

Example<\/span>: A\u00a0state university sells furniture, sports equipment, scientific equipment, or medical supplies to make way for new ones by selling off their holdings in gov surplus auctions.<\/p>\n

Example<\/span>:\u00a0the US military decides to sell its surplus equipment through a military surplus auction. In the case of the US army, any American military goods that have been classified as surplus are ones that fit the following criteria:<\/span><\/p>\n