http://www.treas.gov/auctions/irs/ IRS auctions
http://www.ustreas.gov/auctions/ US Department of Treasury auctions
http://www.hud.gov/ US Department of Housing and Urban Development
http://www.usmarshals.gov/assets/sales.htm US Marshal Auctions
http://www.bid4assets.com/storefront/index.cfm?var1=3252&level1=1&sfid=21#-3 Many states use this company to conduct their surplus property auctions
I have only used auctions once and it was to purchase land lots through a tax lien sale in Sarasota Florida. I was involved with a group of investors and I was not directly involved in the bidding process. However, we ended up winning 7 of the 30 lots that we bid on. It was worth it but it was a huge hassle to get the financing because the auction lasted over a few weeks so we won our first 4 lots early in the first week of the auction and then we won the final 3 in the last day of the auction. We wanted one loan for all 7 lots but the timing hurt us a little.
Any experiences with auctions such as the above? Planning on it? Pros and Cons?
Please feel free to email me: anthonyh@gardenstateinvestors.com
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