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Police departments gather a lot of lost, confiscated, and abandoned property. They receive these possessions from forfeitures, abandonment, and arrests of owners. Once enough items have accumulated, the agency will organize an auction. Police auctions have two main goals: to empty the property rooms and make money.
Although agencies have property rooms that can be as large as warehouses, they eventually fill up. Over time more and more items will fill this space and need to be gotten rid of. Further, auctioning them off brings in money. This cash can be put into the agency budget or go to the government. The money usually ends up contributing substantial funds wherever it is used.
The general public can end up purchasing many highly desirable items in these auctions. Included are boats, airplanes, motorcycles, cars, and even homes. The property is usually from drug arrests. In these situations property is seized when it has been used for crime or bought with money earned through crimes.
Bidding on items means that an individual accepts the item exactly as it is. This involves more than just a few blemishes or minor areas of damage. If property is bought that has a tax liens against it, the liens must be cleared before ownership will be granted. Mortgages and car loans must be handled in the same way. There are great opportunities for good bargains but bidders must be diligent to avoid any complications.
Jurisdictions normally have their own specific laws that detail how auctions are conducted. The controlling agency is usually required to publish a listing of items along with brief descriptions. This publication also includes details of when and where it will happen. Information about the accepted terms of payment and whether checks or money orders will be accepted is also included. This is all printed in a newspaper that is published within the agency's jurisdiction.
Publications of this kind have multiple purposes. One of these is to notify any owners of property that their final chance to redeem items is quickly approaching. Another is to inform the public of the auction so that they can show up and place their bids.
Police auctions are often controlled by the department. However, sometimes government agencies will take over if a force has little experience holding auctions or is especially small. Another option is to use an independent auction company.
Locations of the event vary. It may occur in front of the county courthouse or within a government office. Or it can take place in a public area. Location depends on both the size of an agency in addition to the quantity of property that needs auctioning.
These police auctions are carried out to reduce the amount of gathered property from abandonment, forfeitures, and arrests. This will increase the space in storage rooms and provide a source of funds for the government. Items that are auctioned off are usually great quality and valuable. Before the day they are sold, notices are published in local newspapers to notify the public of the details.
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