Twinsburg, OH · Member since 2016 · 5 posts · 0 votes
I came across a property that has the owner listed as United States of America. Upon investigation I found that the property was forfeited to the federal government due to money laundering fraud. I am interested in this property, does anyone know where the government list these properties for sale? Do they list them on MLS or auction, etc?
Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
9y
You can check several sites including US Marshalls service. I see lots of jewelry, airplanes, coins, etc auctioned there. If not there, google US government auctions.
Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
9y
At some point there will be an auction in most cases.
Sometimes these can be zoos.....
Last IRS auction I went to...I'm thinking house is worth about $100K. I want to pay $40,000 and will pay up to $60K. Neighborhood bad, but improving. House pretty good condition, but needs some foundation work. You have to show up with $5000 or $10,000 cashiers check which I think will cut some people out....Must have been 70 people there....at least 40 bidders. Several other investors I know. House goes for $175,000 with two final bidders going going going ....gone. Way overpay for the house. No other home in the neighborhood had ever sold that high. Very strange.