Special offer

Treasury Real Estate Auctions

By
Managing Real Estate Broker with ERA American Real Estate
About This Program  

From the extraordinary to the ordinary, Treasury Department Auctions have it all!

The Department of the Treasury has designated EG&G Technical Services as the prime contractor responsible for the storage, maintenance, and sale of seized and forfeited real property. EG&G personnel respond to Treasury agency needs in various locations across the country, working daily with federal law enforcement officers and agents at local levels. Agencies served by EG&G are the
IRS-Criminal Investigation
, Immigration and Customs Enforcement, and the U.S. Secret Service. All proceeds from the sale of real property are deposited in the U.S. Treasury Asset Forfeiture Fund, which was created by Congress in 1992, to hold deposits of seized currency and revenues from the sale and remission of forfeited property. These funds help support continued law enforcement efforts and provide restitution to crime victims.

EG&G Technical Services conducts approximately 100 auctions a year in the United States and Puerto Rico. Auctions are normally held onsite at the property location. Real Property sold at Treasury auctions come from serious offenses such as drug smuggling, money laundering, credit card fraud, child pornography, and much more.

Click the following link to receive free e-mail notification of upcoming auctions on their site the websites link is listed below.

EG&G Technical Services of Gaithersburg, Maryland, is a wholly-owned subsidiary of URS Corporation and is a leader in both management and technical services industries with more than 10,000 employees nationwide providing management, engineering, scientific, technical, and operations support services to various Federal clients, including the Departments of the Treasury, Transportation, and the Federal Aviation Administration. EG&G has supported the Department of the Treasury and Department of Homeland Security since 1990. We are proud to have won The Treasury's Large Business Partner of the Year Award for four out of the past six years for outstanding overall performance and an extraordinary outreach program which exceeds subcontracting goals with small, minority and women-owned businesses. Our nationwide network of more than 4,600 small, minority and women-owned businesses is directly involved in critical aspects of contract performance.

 http://www.ustreas.gov/auctions/treasury/rp

 

 

 

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Posted by

Brandon Jordan, Realtor,E-PRO,ERA American Real Estate
 

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Certified E-Pro™ Realtor Short Sale and Foreclosure Certified ERA Distinctive Properties Specialist
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Brandon Jordan 
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ERA American Real Estate
Cell- (850)-758-1236
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Comments(2)

Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Brandon, That sounds like a great program. I'll have to check those links.

Mar 28, 2010 04:49 PM
John Pusa
Glendale, CA

Brandon - Thank you for sharing an informative and helpful article.

John

Mar 28, 2010 05:21 PM