FORFEITED PROPERTY - ALL 50 STATES
Because of rising interest rates, and the expiration of the fixed interest portion of newer adjustable-rate mortgages, we expect foreclosures to rise sharply over the coming months and years. For anyone interested in investing in real estate at good prices, the foreclosure market is definitely something to investigate.
banks, courts, and the US Government are not interested in owning
tax-forfeited real estate. They do not want to maintain, upkeep, or use the houses,
buildings, raw land and other property seized from or forfeited by
delinquent debtors, so they dispose of the real estate
and property at auction, with bidders sometimes paying less than the
actual market value of the property.
The photos and property descriptions here will give an example of the types of property often available at auctions. These photos and descriptions are of property from past auctions (including forfeited, surplus, seized, and other), so these exact items are not available now. However, from looking at these photos and descriptions you can get an idea of the types of items that come up for sale at the auctions. The inventory of vehicles at the auctions changes often, so it's a good idea to check the auction listings regularly.