Knowledgebase: Claiming Your Government Land Title

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Are there any tax liens on the properties?
Dec. 25, 2009
Most properties offered for sale on GovernmentAuction.com have no tax liens against them, but a few have financial liens against them at the time they are offered for sale. However, when the property is deeded to the buyer, any such tax lien is paid off prior to deeding so the buyer receives free and clear title with no liens.

Can buyers receive a refund if they change their minds after making a purchase?
Dec. 25, 2009
GovernmentAuction.com prides itself on customer satisfaction. All properties are listed for a 7 day period, thus allowing bidders time to perform their research and due diligence prior to the close of bidding. Bidders are encouraged to make all inquiries within the time allotted, and must not place a bid unless they are willing to fulfill the winning bid obligation. By agreeing to the terms of the auction, a bidder confirms that placing a bid is a binding contractual offer. The winning bid means that the winner has a binding contract to purchase the property for the amount set forth in the bid. This process differs greatly from one in which the buyer is pressured into buying after a 3 hour sales presentation, and therefore requires a refund period to ”cool off.” With GovernmentAuction.com, there is no pressure to buy, and buyers have every opportunity to become informed about the property being bid upon. Thus, under these circumstances, refunds cannot be honored unless a problem develops in which claim-free previous government land or property cannot be conveyed to the winning bidder free and clear of financial liens.

How are properties offered on this website first acquired?
Dec. 25, 2009
Most of the land for sale offered on GovernmentAuction.com is acquired from various city, county or state government agencies throughout the United States.

How can buyers find out more information about the lots they wish to purchase?
Dec. 25, 2009
We always encourage buyers to call the county or state agency in which the government land for sale is located. View a list of resources and learn more about due diligence now.

How long do I initially have to pay the downpayment and fees for my property?
Dec. 25, 2009
We allow 5 days from the date the auction has closed.

If I'm the winning bidder, what happens next?
Dec. 25, 2009
After the auction has closed, you will be emailed payment instructions and vesting information requirements. It is your responsibility as a buyer to provide us in a timely manner the vesting information such as the full names (no initials allowed), address, marital status and tenancy for claiming the title of the previous government land or property. As soon as we receive your payment and vesting information, we will begin processing your paperwork. It takes approximately 14 to 21 days to document all paperwork. We use FedEx or UPS (if a P.O. Box) to deliver your paperwork.

What forms of payment do you accept?
Dec. 25, 2009
PayPal, credit cards, e-checks, money orders, cashiers’ checks and wire transfers. Please do not send CASH in the mail. When you send your payment, please include the auction item number or auction ID.

What is a Bid and Assume?
Dec. 25, 2009
Special No Qualifying Financing is offered on specific properties labeled as Bid and Assumes. With this type of sale, you bid for the down payment only and assume the loan balance as stated on the auction listing page. The winning amount or down payment does not get subtracted from the balance loan amount.

What is Due Diligence?
Jan. 2, 2010
The care that a prudent person is expected to exercise in the examination and evaluation of risks affecting a business transaction, including transactions in Real Estate and/or Raw Land.

What is the "Buyer's Premium"?
Jan. 4, 2010
The "Buyer’s Premium" is the fee charged by an auctioneer to the bidder who wins a lot. The buyer’s premium is a percentage of the gross amount of the winning bid or sales price. It is an additional service charge, for which the buyer is responsible, and is added to the price of the item. The buyer's premium is clearly marked on the auction info page, and on the item detail page. If the winning bid is for a Bid & Assume item, the buyer's premium will be a percentage of the down payment only.

Who owns the properties being sold at auction?
Dec. 25, 2009
All properties offered and listed on the website are owned by GovernmentAuction.com, unless otherwise noted and offered as a “consignment” parcel.

CURRENT AUCTIONS

UPCOMING LIVE AUCTIONS

  • LIVE Mini Auction: LAND & ASSETS
    02/04/2012 - 05:00 pm EST

     

    Saturday Night Mini-ASSET AUCTION

    100 Assets to include Jewelry, Gold Coins, and 15 properties of all sizes and locations.

    This exclusive GovernmentAuction.com land cannot be found anywhere else!

  • LIVE AUCTION: Just Released Land Closeouts
    02/05/2012 - 04:00 pm EST

     

    Sunday Afternoon

    Properties from all over the nation.

    All registered bidders qualify for built-in financing with no credit check! Bid and win today on the best land deals we have in stock.

  • ASSET AUCTION: Jewelry - Coins - Land
    02/05/2012 - 05:00 pm EST

     

    Sunday Afternoon!

    LIVE Asset Auction with New Items! 

    Items just released for absolute public liquidation.

    Fine Art - Rare Coins - Jewelry - Rare Gems & a few select land pieces