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Saturday, September 06, 2008
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Seized property auctions mostly take place when the property is seized by the government with regards to the crimes made by a particular person. For seized property auction, auction information will be listed on the online property auction
websites. Investment houses, residential houses, commercial property, and repossessed property are different kinds of seized property.
Seized properties will take place when the borrower fails to pay mortgage to the lender within the prescribed time or when the person involves in the criminal act his properties will be seized. These auctions will compile with the statutes, rules and regulations of the government. Federal government agencies can seize any property that belongs to criminals. Once the property has been processed and used as evidence, the government will have no use of it. The properties are usually up for sale at auctions. If a person wants to buy seized properties, at the seized property auctions he must at least be 18 years of age with a valid driver license or ID.
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