Finding A Deal At A Government Real Estate Auction
Government real estate auctions have been very popular for a very long time and some people even make their living buying property from real estate auctions and then re-selling that property for a huge profit. The only downside I can see from government real estate auctions is that sometimes you have no idea who owned the property previously. So at the next government real estate auction you may get a beautiful mansion for only $1,000 but when you find out it used to belong to the head of the five mafia families and when he gets out of jail he wants his house back then all of a sudden it is not such a great deal.
One of the first logical questions anyone would have about government real estate auctions is where can you get information on them? Without being a wise guy the best answer for that is from the government. The government offers a regular listing of the available federal real estate auctions that you can get by mail for a small fee. The other way to keep track is by using the Internet. There are several sites on the Internet that offer complete listings of upcoming auctions, but beware of scam artists. Make sure that you are dealing with a real government website and not someone trying to steal your information. One way to find the correct websites is to contact the office of your local congressman for help. If they don't have the information then contact the library of congress.
One Born Every Minute
When the Internet was just starting to spread out to millions of people all over the world there was a very large push of scam artists that were opening up websites claiming to offer a complete listing of government auctions. They would produce this very slick looking infomercials and convince people that they had all of the answers. Since most people are reluctant to contact the government for anything, these scammers started to make a lot of money off of information that was being offered for significantly less by the federal government itself. Luckily some of these people have been put out of business and their days of cheating people were over. The lesson here is if you want information on federal government real estate auctions then contact the federal government.
Property bought at a federal government real estate auction can be a great bargain. But bring your checkbook, credit card, or cash because Uncle Sam doesn't offer mortgages and they want to get these properties sold and making tax dollars for the local communities again as soon as possible.
