It’s a well known fact that there are a number of property speculators that made their riches through government real estate auctions. Real estate auctions of governments still have today (similar to decades ago) great deals, so property speculators still benefit from them massively.

Auctions of government property are conducted on real estate that the government both owned and property that was seized. It’s the seized real estate auctions that get most investors exited. As the agent in charge of selling the property, the government has no financial interest in seeing any type of reserve or minimum price which results in sometimes very low prices.

There may be quite a significant number of government agencies in the States that seizes real estate, but it’s only worthwhile paying closer attention to a few of them. Let’s look at these very briefly:

Treasury Department

A large number of government institutions rely on the treasury department to seize assets, various good and real estate on behalf of them. The variety of work done also include confiscating property for the US Secret Service and the Customs department. This is usually as a result of criminal investigations.

The beauty of these auctions is that just about everyone is able to attend and particpate. This naturally implies that the competition at these auctions can get very high. Don’t let this hold you back however as all you simply do is not bid a cent more than what you are willing to pay. These real estate auctions are announced in a number of different ways, predominantly through online newsletters as well newspapers across the state and country.

United States Marshall Office

This office is responsible to seize and auction real estate confiscated on the back of criminal activities. This they do not just for themselve but also other departments and agencies such as the Federal Bureau of investigation amongst others.

IRS

I don’t need to explain the IRS to anyone. The carry the responsibilty to ensure that the tax laws of the country is enforced. Sadly many individuals and corporations still evade their tax liability and they do get caught. This situation creates the need for the IRS to seize their assets and dispose of them at a government real estate auction.

The underlying theme on all of these auctions is free participation for all and the ability to pick up quality property at a fraction of their market value. Off course don’t expect to walk into the first auction and make a killing. This off course is not entirely impossible, althoug experience shows that it’s best to put some time in, attend auctions as often as you can and then you’ll end up with a stellar property investment.