subject: Arizona Seized Property: Putting Auctions To Work For You [print this page] In Arizona, seized property can be a lucrative opportunity for real estate and other goods. Despite popular misconception, not all seized property is strictly real estate. You can get many forms of property. We're talking cars, boats, airplanes and sometimes even cash.
Properties seized by the government may be private or business related. Considering some of the investment scandals lately, the fruits of these auctions can be quite tempting. These guys lived way over their means and crashed and burned the hard way. The police may have seized the property to pay off unpaid investors of these Ponzi schemers. You're actually doing something for the community and the economy by getting these items for practically a steal.
When the owner of a property doesn't pay the tax man, his properties are seized by the government. The city, school system, and state need this money to be able to pave streets, educate children, and provide food relief to impoverished families. The only way they can do so is by selling this property as Arizona seized property. The public gets its money, and you get a good deal on property that's way below market value.
Sometimes seized property auctions sell property that was seized as evidence in a crime. This can be a great opportunity to get cars, trucks, boats and sometimes even airplanes for great discounts. There have even been news reports of buyer's purchasing cars at these auctions that turn out to have gas tanks full of money, with the courts left having to decide if a full tank of cash counts under the "sold as is" policy.
If you are looking to buy a home, Arizona seized property auctions can be a great way to invest in a quality piece of property at affordable rates. With the bottom falling out of the housing industry these days, it can be a real steal. When these seized property auctions have to compete against an already diluted market, they practically have to give the property away. At the same time, we're talking a good piece property covered by a loan that's so cheap it only takes you a few years to pay it off.
Of course, there's always a flip size to buying at auctions. You've really got to know what you are getting into. When homes and real estate are sold due to tax or payment defaults, the owners often have a tendency to just let them go as a way to get revenge on the bank or state. Always make sure to go a thorough walk-through inspection with a professional contractor. Recognize what's a great fixer upper opportunity and what's a bottomless money pit that echoes all the way down.
At the same time, you can often get these fixer uppers for a dream of a deal. Use your head, but let the cost advantages of Arizona seized property sales work for you. Like any other deal, you have to scratch your head and look it up and down, but there are great deals to be had in the midst of the scams. It pays to be skeptical, but don't let the deal get away from you.
