Every month, 1000s of cars become government property through seized and foreclosure laws.
Take advantage now: http://tinyurl.com/3yg7qr
January 27, 2007 (Press Release) --
GENERAL QUESTIONS ON SEIZED PROPERTY SALES
Does the government provide financing for the purchase?
The government does not provide any form of financing and the form of payment and amount of the bid must comply with the Terms of Payment as stated on the Notice of Public Auction Sale.
What happens to the liens, (IRS, etc.) if I am the successful bidder?
Any encumbrance that is recorded prior to the IRS Tax Lien remains upon the property and must be dealt with by the purchaser at an Internal Revenue Service seized property sale. The encumbrances that are recorded after the IRS Federal Tax Lien are discharged from the property upon the issuance of a certificate of sale or, in the case of real property, a deed to the property. The IRS Federal Tax Lien is discharged from the particular property sold at the same time.
Can I get on the mailing list?
There is no special mailing list being held at this time,. To view all auctions, present and upcoming visit our web site.
What if the asset, car, etc. breaks after I purchase it?
All property is offered for sale “where is” and “as is” and without recourse against the United States . No guaranty or warranty, expressed or implied, is made as to the validity of the title, quality, quantity, weight, size or condition of any of the property, or its fitness for any use or purpose. No claim will be considered for allowance or adjustment or for rescission of the sale based on failure of the property to conform with any expressed or implied representation.
Why don’t we take personal checks, credit cards or Bank Letters of Guarantee at our sales.
As per the Internal Revenue Code, all payment for property sold must be in the form of Cash, Certified, Cashier’s, or treasurer’s check drawn on any bank or trust company incorporated under the laws of the United States or under the laws of any State or possession of the United States. A United States postal, bank, express, or telegraph money order and made out to the United States Treasury.
Since the Internal Revenue Service can only accept cash or certified funds at their auctions, how can I bring certified funds if I don't know how much the property will sell for, or if I will be the successful bidder?
At single item sales, many bidders will bring a cashier's check, made out to themselves, in the amount of their intended bid. In addition bidders will also bring cash to make up any difference between the amount of the cashier's check and the winning bid. At large lot sales, bidders often bring several cashier's checks made out to themselves to cover multiple possibilities. For example, a bidder may bring one cashier's check for $5,000, two checks for $2,500, and one check for $1,000. Any checks not used can be redeemed at your bank by you. And we usually have the ability to make change to some degree. Of course, other amounts and scenarios may apply.
For more information on seized vehicles, visit: http://tinyurl.com/3yg7qr
Does the government provide financing for the purchase?
The government does not provide any form of financing and the form of payment and amount of the bid must comply with the Terms of Payment as stated on the Notice of Public Auction Sale.
What happens to the liens, (IRS, etc.) if I am the successful bidder?
Any encumbrance that is recorded prior to the IRS Tax Lien remains upon the property and must be dealt with by the purchaser at an Internal Revenue Service seized property sale. The encumbrances that are recorded after the IRS Federal Tax Lien are discharged from the property upon the issuance of a certificate of sale or, in the case of real property, a deed to the property. The IRS Federal Tax Lien is discharged from the particular property sold at the same time.
Can I get on the mailing list?
There is no special mailing list being held at this time,. To view all auctions, present and upcoming visit our web site.
What if the asset, car, etc. breaks after I purchase it?
All property is offered for sale “where is” and “as is” and without recourse against the United States . No guaranty or warranty, expressed or implied, is made as to the validity of the title, quality, quantity, weight, size or condition of any of the property, or its fitness for any use or purpose. No claim will be considered for allowance or adjustment or for rescission of the sale based on failure of the property to conform with any expressed or implied representation.
Why don’t we take personal checks, credit cards or Bank Letters of Guarantee at our sales.
As per the Internal Revenue Code, all payment for property sold must be in the form of Cash, Certified, Cashier’s, or treasurer’s check drawn on any bank or trust company incorporated under the laws of the United States or under the laws of any State or possession of the United States. A United States postal, bank, express, or telegraph money order and made out to the United States Treasury.
Since the Internal Revenue Service can only accept cash or certified funds at their auctions, how can I bring certified funds if I don't know how much the property will sell for, or if I will be the successful bidder?
At single item sales, many bidders will bring a cashier's check, made out to themselves, in the amount of their intended bid. In addition bidders will also bring cash to make up any difference between the amount of the cashier's check and the winning bid. At large lot sales, bidders often bring several cashier's checks made out to themselves to cover multiple possibilities. For example, a bidder may bring one cashier's check for $5,000, two checks for $2,500, and one check for $1,000. Any checks not used can be redeemed at your bank by you. And we usually have the ability to make change to some degree. Of course, other amounts and scenarios may apply.
For more information on seized vehicles, visit: http://tinyurl.com/3yg7qr
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