Government Real Estate Auctions - Tips for BuyersPosted by Nick Niesen on November 8th, 2010 Government real estate auctions sell off real property that has been seized, abandoned, or forfeited. The Department of Treasury has been designated as the state department to handle such auctions. Typically, they conduct 100 auctions a year. The funds obtained at state real estate auctions help support local and state police and other areas of the city. The placement of a successful bid at a Department of the Treasury auction establishes a legally binding contract between the successful bidder and the Government. Here are some basic rules and policies: A lot of rules and regulations govern government real estate auctions, and it is wise if you take the time to research them prior to attempting to attend. Each registered bidder will be issued a bidding number. This is your lifeline to what is important on that day. Don't loose it. Most importantly enjoy yourself at government real estate auctions. The properties auctioned off are very valuable and should bring you a good return. Please visit some of my other site at http://Real--estate--auctions.blogspot.com" title="Real Estate Auctions">Real Estate Actions and http://State-real-estate-Auctions.blogspot.com" title="State Real Estate Auctions">State Real Estate Auctions Like it? Share it!More by this author |