How Do You Buy Real Estate At US Treasury Government Auctions?
Each year hundreds of real estate properties are auctioned by the US Treasury Department. The properties are seized by the government by the IRS, Immigration and other law enforcement agencies. The Treasury Department auctions off the real estate to the highest bidder and the proceeds got back into law enforcement agencies. Many of the properties can be purchased at deep discounts. Search the auctions. Head to the US Treasury Department website and search for upcoming auctions by date or location. Find out if you’re eligible to bid. The government auctions are open to individuals 18 and older. Employees of the agencies auctioning off the real estate are prohibited from bidding, as are their immediate family. Register to bid. Download a registration form at the Department of Treasury website or get a form at the site of the auction. Be sure to have identification handy when registering. Bid by proxy. In some situations it’s allowable to have an authorized agent bid on the property for y
