Government Auctions web sites reviews list sources to buy seized cars, find Government surplus auctions, HUD foreclosures, real estate bank foreclosures and preforeclosures, Government tax sales, unclaimed freight, unclaimed baggage, federal unclaimed property, and more!

After reviewing over 17 different government auction listing sites, the best source for government auctions was GovernmentAuctions.org. They consistently had the largest database of auction listings, and the most current and up-to-date auctions.

Don’t Overlook Auctions of Seized Property, Government Surplus, and Abandonded Property When You’re Bargain Hunting

Government auctions and police auctions consist mainly of seized property and Government surplus and abandonded property that come from many sources. What is seized property? Most states have “seizure laws” in place. These laws allow law enforcement agencies to seize property that was used to commit a crime, such as a car or truck used to transport stolen goods or illegal drugs, as well as any real property that was bought with money acquired from the commission of a crime. If a drug lord uses the money he acquires from drug trafficking to buy a car, truck, boat, even a house, they come under the “seizure law” and will be confiscated. Furniture, jewelry, art…all can be seized.

Foreclosures are certainly a 'popular' subject these days, unfortunately! Still, this is an important aspect of the real estate market.

Foreclosure properties offer a way to acquire their homes at incredible prices, sometimes saving as much as 30% to 90% on the price of their home. For first-time buyers or those looking to profit from buying real estate and reselling it at a profit, foreclosures and preforeclosures can be purchased for a fraction of their market value. Before the Internet explosion, finding foreclosure homes meant buying expensive lists or knowing someone with inside information. Websites like those listed below maintain databases of thousands of foreclosure and preforeclosure homes and allow home buyers to search by state and zip code, zeroing in on their target area. This provides potential home buyers with details about the house or property, what the price of the house is, who to contact, and sometimes the address and a photo.

For those that find themselves facing this problem, it's important to understand the homeowners rights on a foreclosure.

Pre-foreclosures are homes or property that are about to go into foreclosure. This is where some of the best deals can be had, before they are seen by every real estate broker and buyer on the planet. These are generally negotiated directly with the owner, who is eager to avoid the hassles of foreclosure.

More and more homes have been going into foreclosure over the past year or two than ever before. One reason is the poor economy overall, but perhaps the biggest reason is the sub-prime lending fiasco of the past few years that allowed too many people to enter into mortgages they shouldn't have or couldn't keep up with.

When a home is foreclosed on, it means that the bank or lender has obtained a court order terminating the loan agreement and can take possession of the property back from the signer. This would be the bank that underwrote the original loan or mortgage agreement.

When someone takes a mortgage or home loan, the lender obtains a security interest from the borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults on payment, the lender or mortgage holder can try to repossess the property. This is a foreclosure.

Besides failing to pay the mortgage note or loan, other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue HOA dues or assessments.

The foreclosure process as it relates to a residential mortgage loan happens when the bank or other secured creditor takes possession of the property after the owner has failed to comply with the mortgage agreement. Most commonly, this is happens as a failure to meet payment of the home loan.

After foreclosure, the creditor will likely try to sell the property and keep the proceeds in order to pay off its mortgage plus legal costs. This is what foreclosing on the mortgage or loan actually is. Though there are some possibilities for the homeowner to reclaim their property at that point, it's clearly much more desirable to avoid going into foreclosure to begin with.