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Unread 04-21-2011, 07:39 PM   #1
TDK
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Default Government Auctions

Anyone dealt with government auctions at all? They auction off junk the government has repossessed and/or just owns and doesn't want. Like cars seized by police, stuff like that. I have friends-of-friends who have, I'm told, gotten way awesome deals from government auctions on cars or houses or whatever, and there's a few sites around that display government auctions: Everything from land to cars to fuckin' x-ray machines or whatever.

Some of it is reasonable, though cheap, and some of it just seems way too good to be true. Like this one site, which seems otherwise reputable, has plots of land (with or without houses on them) for a dollar ("closing fee" of $625 or whatever, but it actually does take a lot of money for processing fees buying real estate and junk, I'm told). All my research into this has turned up nothing that says it is not reputable, and even the seller of many of the $1 land plots seems fairly reputable, even if they make a few english mistakes here and there. Normally that would make me think they were scam artists, but I've looked around and seen nothing else to make me suspect that.

What do you guys think? About government auctions and especially about the $1 land plots.
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