Mecum Auctions working on museum, diner - Lake Geneva Regional News

Lake Geneva Regional NewsMecum Auctions working on museum, dinerLake Geneva Regional NewsWALWORTH — On one end of the inside of Mecum Auctions, construction crews are turning an old grocery store into a 1950s-style diner and a museum for classic muscle cars. On the other side, sales representatives talk to clients about consignments for ...Mecum to Host Inau […]

Whitney Houston Items to Be Auctioned…Already - Artistdirect.com

Artistdirect.comWhitney Houston Items to Be Auctioned…AlreadyArtistdirect.comA dress owned by Whitney Houston and a pair of earrings she wore in The Bodyguard will be auctioned off next month. A little bit too soon, no? A black velvet dress and the aforementioned earrings will be auctioned off at Hollywood Legends on March 31.Whitney Houston items, including […]

Auction the Spectrum, Grow the Economy - Forbes

Digitaltrends.comAuction the Spectrum, Grow the EconomyForbesNow AT&T and others are looking to the FCC, which controls the electromagnetic spectrum, to hold an auction for underused and unused portions. Since 1994 such auctions have raised more than $50 billion for the US Treasury. There hasn't been one in four ...Congress declares another spectrum […]

Archive for the Category ◊ Government Auctions ◊

Where to Find the Best Deal

Sunday, January 10th, 2010 | Author:

Where to Find the Best Deal

By Ferry Suwantoro

Police Auctions

Police confiscate items and impounds vehicles. But if the items are left unclaimed for a definite period of time or there is no possible way to trace the owners and return the items, they become auction goods. Police also seize properties and items associated to crimes people commit.The police seized properties will then go to an auction. Police auctions are often held at local police agencies, federal law enforcement agencies, police departments, and county sheriff departments at specific time and date.

Government-Seized Auctions.

Due to foreclosure and seizure laws, the government accumulates properties from private owners who were unable to pay their mortgages or loans.
The Customs and Border Protection, US Department of Homeland Security, U.S. Postal Service, U.S. Marshals Service, U.S. Bankruptcy Court, Internal Revenue Service, and State Tax Department are some of the government agencies that hold government-seized property auctions.

Bank and Loan Companies

Bank and loan companies often repossess properties from owners who are unable to make loan payments. These repossessed properties range from real estate, vehicles to home furniture, become bank or loan company properties.

Since the cost of storage is high, bank and loan companies want to convert the repossessed properties into liquid assets right away. Bank and loan companies often announce auction schedules online, in office bulletins and in newspapers.

New and Used Car Dealers.

In order to make a sale, new car dealers allow their costumers to trade-in their old cars for new ones. The old vehicle that was traded-in will then go to an auction. Used car dealers also employ the same system as other auction houses to generate sales.

Auction Companies.

Auction companies sell a wide array of auction goods. Check newspaper ads, auction brochures, and the yellow pages.

Good And Bad Deals In Car Auctions

Friday, December 25th, 2009 | Author:

Good And Bad Deals In Car Auctions

By Ferry Suwantoro

Car auctions have equal share between good and bad deals. First time buyer may call it luck to have this good deal, but some who are more experienced at car auctions, are likely to wait some good chance. Here are the pros and cons of buying at an auto auction.

PROS

People with limited budgets and who want to buy a car find that there are a lot of choices in car auctions as compared with conventional car distributors and dealers.

Car auction always give lot of choices for people with limited budgets to buy a car, as compared with conventional car distributors and dealers.

For regular cars sold at auctions, buyers could secure reliable if not the best cars at very cheap prices. At car auctions, even the best and most popular models are being sold with an added perk- they come at lower prices.

There are available auctions where vintage cars are featured for car collectors. This may be a good opportunity to get some of the best cars without having to go through negotiations with owners who are unwilling to sell their vintage cars. Also, car auctions present great opportunities for buying really old cars without having to pay premium prices for the “vintage tag”.

CONS

Cars at auctions are sold at normally lower prices because the items are second-hand autos repossessed by the mortgagors or the federal government. A lot of cars at auction are not in mint condition, most of them even have mechanical flaws. Some cars that are being auctioned are “hot” cars, meaning these may be smuggled or stolen. Chances are you’ll have problems regarding the car’s ownership.

Those car sold at auction usually do not have insurance coverage or warranties, unlike autos being sold at regular distributors and dealers,

Different car buyers have different opinions on whether it is good or bad to buy a car at an auction.

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