Does the government really provide auctions for things such as cars, trucks, computers, real estate?

I decided to do some online checking to see what is available as far as government auctions online. I first found USA.gov. This website is a product of the US Government 's Department of Housing and Urban Development (HUD) and the Department of Vetrans Affairs (VA).

There was a lot of information worth reading on the site regarding real estate bargains through HUD and VA. The website led off to other websites such as OCWEN which handled the property auctions of Real Estate Owned (REO) listings. REO listings are basically foreclosures in bank terminology. For one reason or another they believe that the word 'foreclosure' has a negative connotation and it would be best to use the words Real Estate Owned Listing even though most people know these properties as Foreclosures.

Another source for real estate government homes are websites such as ForeclosureFreeSearch.com. They aggregate government listings and also purchase local list foreclosure lists from counties throughout the US. They let you search for properties under foreclosure, bankruptcy, pre foreclosure without having to pay for their service. I found that they had all of the government listings from OCWEN and HUD on their website along with a lot of others. This can be a time saver just using the free search on their site.

I also found the USA.gov provided General Merchandise Online Auctions. Some of the computers and jewelry on the sites looked pretty interesting. I am going to bid on a few to see if I can really get some good items for pennies on the dollar. The websites clearly states that you should make an appointment to see the property before bidding. This cannot be the case for me since most of the items I was viewing was from Dallas, TX. I live nowhere near Dallas and I am not planning on visiting Dallas for a $25 computer bid.

Good luck searching through these Government Online listings. There are some apparent good deals out there. I am going to start trying this for jewelry instead of using Ebay for now. Wish me luck.

Michael Manning

www.ForeclosureFreeSearch.com

Source: www.a1articles.com