A seized property is a home that has been repossessed by the lender because the owners failed to pay the mortgage - this is called foreclosure. Hundreds of thousands of homes end up in foreclosure every year. Economic conditions affect the number of foreclosures, too. Due to a variety of circumstances, hundreds of people or businesses default on their mortgages every day, and as a result have their properties seized by banks or other private and government institutions. Because of the constant influx of new seized properties and the enormous amount of money and time required to maintain and market them, the banks attempt to recover at least some of the money by conducting public seized property auctions. As a member, you will be able to access fresh listings nationwide and have an exclusive ability to buy directly from the banks and other institutions, for up to 90% off the actual market value of any property.

Local Seized Cars and Real Estate Auction Listings AUTO AUCTIONS Why are the cars so cheap? How can this be true? A: Every day thousands of Americans default on their car loans or lease payments... as a result, their new or almost new cars get repossessed by the financial institutions and auctioned off in a hurry, because the cost of storing the cars outweighs the banks' ability to try to make the lost money back (same with police auctions, etc.). Consequently, lucky people who have access to direct sources where the cars are being sold would find themselves overwhelmed by dirt-cheap offers that look unbelievable to the average car buyer. This is real and is being taken advantage of by many car dealers.

Are there any online auctions that have seized vehicles, I don't like the traditional "bid-on-the-lot" kinds? A: Of course there are. There is an increasing demand for online access to the vehicle listings and ability to bid and buy online... and we will give you complete access to those sources.

Is it possible to resell the properties and make profit? Absolutely! Many people have been doing this for a long time now, building their wealth and net worth in the process, buying and selling seized properties. More and more properties become repossessed every month thus providing a constant variety and a growth factor to this market sector. You can acquire the properties through this site and sell them immediately for their current going market value, and pocket all the profit which could range from tens to hundreds of thousands of dollars if you buy smart! Remember, real estate is the number one "millionaire-maker" in the United States - and seized properties sector is the number one profit-generator within the real estate market!

Are there any warranties available for the cars I buy? A: Typically, an auction center or website source would offer a 3 month warranty or guarantee free of charge. For extended warranties, small fee would apply, depending on the source. But, in general, it's never a problem, since many cars are almost brand new and in perfect condition.

How complicated are the traditional auctions? A: Not complicated at all. Typically, you would arrive to your local-area repossessed car auction early in the morning and inspect the cars on the lot that are up for sale that day. Usually, many cars would start from only $100 and if there is limited number of attendees that day (and we have so many sources that it's virtually guaranteed that you will have almost no other bidders) than you are very likely to get the car you want for a ridiculously low amount when the actual bidding starts later that day!

Are there any hidden fees to buy a car this way? A: There are no hidden fees. Standard fees such as title and registration still apply and are paid the same way as if you bought the car through a private transaction or at a dealership. However, the luxury tax is not required, since it's already been paid by the first owner upon getting the car registration.

Is it possible to get financing? Yes. You will get access to a wide variety of financial institutions that provide mortgages for seized properties. Your interest rate will vary depending on your credit score and other factors, but even with bad credit you will be able to buy properties with small down payments and have a good interest rate on your mortgage - because there are hundreds of banks and they are forced to compete for your business.

So why wouldn't everyone buy a car this way, instead of the usual going to the dealer or classified ads routine? A: Because this is a very protected source of revenue for the majority of car dealerships and is not advertised to the general public. However, we have gathered enough information and access rights to be able to let our members enjoy a multitude of the direct sources where one could find their next vehicle with up to 90% savings off the book value price.

How do you determine the value of a seized property? You will be provided with all the information regarding the assessed value and the current market value of any seized property.

Is it possible to buy properties with $0 down? Of course! Zero-down seized properties are available in every state and many new properties are added to the listings on a daily basis!

Is there a way to check the VIN of the car that I like? A: Absolutely! Many auctions would offer a complimentary CarFax™ VIN report before you start bidding for your peace of mind.

What types of seized properties are there? You can find virtually any type of real estate within our network: single-family houses, multi-unit houses, apartments/townhouses, commercial properties, mobile homes, land, timeshares, vacation and rental properties.

REAL ESTATE AUCTIONS What are seized properties? Why are they so cheap?