Construction work on a multi-story building
Posted in Government Information

Qualified Opportunity Zone

The Tax Cuts and Jobs Act passed December 2017.  Within the act was the creation of the Qualified Opportunity Zones (QOZ’s).  This was created to help encourage economic growth and job creation in distressed communities. through tax incentives, they are designed to spur economic development.

Opportunity Zones are designated covering parts of all 50 states, the District of Columbia and five U.S. territories.

Under certain conditions, they may be eligible for preferential tax treatment.  To become a Qualified Opportunity Fund, an eligible corporation or partnership self-certifies by filing Form 8996, Qualified Opportunity Fund, with its federal income tax return.

We’re not going to get into the possible tax benefits in detail here.  The links below will be able to help you further if you find QOZ’s interesting.  We just want to open your eyes to something new.

 

Here are 2 links that will give you more detailed information on QOZ’s:

IRS Opportunity Zones Frequently Asked Questions

Community Development Financial Institutions Fund

Please speak with your tax and/or legal advisor to see if this is right for you.

 

 

 

Mallet on Auction paper for understanding auctions, and state sales
Posted in Auction News

Understanding The Auction

Understanding auctions and the process.

What’s an auction?

An auction is the process for selling or buying items or goods, that includes real estate, cars, planes, computers, jewelry and more, to the highest bidder.

What’s an auction house?

There are auction companies and auctioneers that have a building, store or office where they hold the auctions.

How does an auction work?

When a person, a business, entity, or estate wants to dispose of unwanted items they can contact an auctioneer (person that conducts the auction) to sell the item.  Many auctioneers will do an appraisal on the item(s) to determine the best price.  The auctioneer can receive a commission, flat fee, or on consignment.  The auctioneer would usually set a date for the sell, and start marketing the auction.

On the date of the auction the public or invitees will show up at the auction house or site where the property is located, or by phone or online (depending on the rules set forth by the auctioneer).  At some auctions those invited to bid will be given paddles with individual identification or marks (sometimes numbers), some auctions will allow hand or facial gestures.

The winner of the auctioned item is the bidder with the highest offer.  Some auctions will require a deposit for the item, and give the winner time to pay off the item and take possession of the item.  Some auctions will be just cash and carry (you must pay for the item and transport it with you).

This is a general idea of how auctions can work.  You must contact the auctioneer or auction house to find out the specific rules for their auction process.

What are the different types of auctions in the United States?

There are many types of auctions in the US.  We won’t get into all of them.  There are 2 main types of auctions that we will deal with in the United States, the open auction, where people gather and view an item then each person signal their bid to the auctioneer.

The second is the sealed bid auction.  This is done through either mailing in or posting your offer for the item.  You don’t see the bids that others made on the item.  The auctioneer or company holding the auction will check the offers at a certain time, then notify the winning bidder.

What is a reserve price in an auction?

Many items up for auction have a set price that the seller wants to receive.  If the bids do not reach that price the item is not sold, the item might be withdrawn then relisted.  Sometimes the property might be relisted with a different price or some other incentive.

What’s an absolute auction sale?

An absolute auction is an auction where whatever the highest bid is, the bidder will win the item.  With an absolute auction there is no reserve price set.  Some absolute auctions will set the opening bid at the price that the seller actually wants for the item.  This way any bids above that price just increases the amount the seller was actually looking for, and will receive.  The great thing is that you will receive the item whatever the bid is.

Here we set up sections for information that you can view, and if you join our family you’ll be able to view more.

Is an online auction or live auction better?

There are different types of auctions, some online, some at an auction house, some at the location of the property.

We can’t say whether online auctions or live auctions are better.  Better depends on your views.  There are auctions throughout the United States.  There can be items in a state that you might not be able to get to by the time of an auction.  In that case many auctions will allow online bidding so that you can bid on an item no matter where you’re located.

The biggest downfall to the online auction is that you might not be able to examine the item.  Many auctions will provide photos, and details.  You might also to be able to hire someone to inspect the item for you.

Many people like the live auctions.  It provides you an opportunity to actually examine the item that you might want to bid on.

Some like the live auctions because it gives them a chance to see who they’re up against.

Again, it’s a personal preference.

What items are sold at auctions?

Auctions can provide a whole range of items.  Remember you have real estate auctions (residential, land and commercial properties), boats, planes, auto, art work, jewelry, clothing and much more.  Almost anything you can imagine could be up for sale at an auction.

How often are auctions held?

Auctions are held throughout the year.  Each state has auctions throughout the year.  View our state auction pages you’ll see links to auctions happening on and offline.

Are there auctions in all 50 states?

Yes.  Each state has auctions throughout the year.  View our state auction pages you’ll see links to auctions happening on and offline.

Can anyone participate in an auction?

To participate at an auction you must contact the auctioneer, auction house or site.  Each auction will have it’s own rules about participation.

 

 

Arizona auction showing single family home, with 2 trees in front of the 2 car garage
Posted in Arizona Auctions & Foreclosures

Arizona Auction – Single Family Home – March 14, 2019

Here’s an Arizona auction single family home available.  This property is up for auction March 14, 2019

Arizona auction single family, 1 story home, front view with 2 trees in frongThis single family auction has 4 bedrooms, 2 baths, kitchen, dining room, living room and a covered patio.

 

 

 

Property Details

  • Single family home
  • 1 story
  • 4 bedrooms
  • 2 baths
  • living room
  • dining room
  • kitchen
  • covered patio
  • 1957 sq ft
  • HOA $55 monthly

Arizona auction single family home kitchen showing cabinets, no island Arizona auction living room, dining room kitchen large room Arizona auction bathroom showing shower, face basin, mirror and toilet

We hope that you enjoyed the photos of this Arizona auction.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house.

There are more Arizona auctions throughout the year.  Arizona has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Foreclosures Auctions is find some of them that are upcoming for auction and present them to you.

NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states.

NOTE: The properties that we list are available at time of  posting.  If you join our site Foreclosures Auctions before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without out knowledge.  ForeclosuresAuctions.com is not responsible for cancelled sales, and/or property removals.

Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible.

We go through the list and pick the properties that our team found most interesting.

 

Auction : March 14, 2019

 

Arizona auction single family home, front view showing 2 car garage
Posted in Arizona Auctions & Foreclosures

Arizona Auction – Single Family Home – March 14, 2019

Here’s an Arizona auction single family home available.  This property is up for auction March 14, 2019

Arizona auction 1 story, single family front view, showing 2 car garageHere is a single family Arizona auction 1 story home with 4 bedrooms, 2 baths, living room, dining room, patio and pool.

 

 

 

Property Details

  • Single family home
  • 1 story
  • 4 bedrooms,
  • 2 baths
  • living room
  • dining room
  • patio
  • pool
  • 1877 sq ft
  • HOA $55 monthly

Arizona auction kitchen view, showing cabinets and island Arizona auction bathroom view showing basin, and mirror

We hope that you enjoyed the photos of this Arizona auction.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house.

There are more Arizona auctions throughout the year.   Arizona has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Foreclosures Auctions is find some of them that are upcoming for auction and present them to you.

NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states.

NOTE: The properties that we list are available at time of  posting.  If you join our site Foreclosures Auctions before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without out knowledge.  ForeclosuresAuctions.com is not responsible for cancelled sales, and/or property removals.

Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible.

We go through the list and pick the properties that our team found most interesting.

 

 

 

 

 

 

 

front angle view of home showing trees for the Texas auction property
Posted in Texas Auctions & Foreclosures

Texas Auction – Single Family Home – March 27, 2019

Here’s a Texas auction single family home available.  This property is up for auction March 27, 2019.

3802 front view showing trees Texas auctionThis is a single family home, 3 bedrooms, 4.5 bathrooms, kitchen with island and custom cabinets.

 

 

 

Property Details

  • Single family home
  • 3 bedrooms
  • 4.5 bathrooms
  • kitchen with island
  • custom cabinets
  • living room
  • dining room
  • family room
  • 3104 sqft
  • HOA – $204 quarterly

3802 rear view showing covered porch Texas auction

 

We hope that you enjoyed the photos of this Texas auction.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house.

There are more Texas auctions throughout the year.   Texas has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Foreclosures Auctions is find some of them that are upcoming for auction and present them to you.

NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states.

NOTE: The properties that we list are available at time of  posting.  If you join our site Foreclosures Auctions before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without out knowledge.  ForeclosuresAuctions.com is not responsible for cancelled sales, and/or property removals.

Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible.

We go through the list and pick the properties that our team found most interesting.

 

 

front view mediterranean style Texas auction home
Posted in Texas Auctions & Foreclosures

Texas Auction – Single Family Home – February 27, 2019 – ENDED

Here’s a Texas auction single family home available.  This property is up for auction February 27, 2019 – ENDED

Texas auction, single family mediterranean style home front viewThis is a 5 bedroom, 5.5 bathroom home.  Living room, dining room, family room and a pool with spa and maids quarters.

 

 

 

Property details

  • Single family Mediterranean style home
  • 5 bedrooms
  • 5.5 bathrooms
  • living room
  • dining room
  • family room
  • maids quarters
  • in ground pool with spa
  • covered BBQ area
  • 4403 sqft

 

3002 front view with fountain  3002 rear view showing pool  3002 kitchen showing island  3002 bathroom with dark cabinets

We hope that you enjoyed the photos of this Texas auction.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house.

There are more Texas auctions throughout the year.  Texas has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Foreclosures Auctions is find some of them that are upcoming for auction and present them to you.

NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states.

NOTE: The properties that we list are available at time of  posting.  If you join our site Foreclosures Auctions before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without out knowledge.  ForeclosuresAuctions.com is not responsible for cancelled sales, and/or property removals.

Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible.

We go through the list and pick the properties that our team found most interesting.

Auction date:  February 27, 2019 – ENDED

front view showing garage of North Carolina auction
Posted in Foreclosures Auctions News

Single Family Home – North Carolina Auction January 29, 2019 – Rescheduled

Here’s a North Carolina auction single family home available.  This property is up for auction January 29, 2019 – Rescheduled

 

This is a 3-Level brick home with 5 bedrooms, 3.5 baths, kitchen with breakfast area, dining room, living room, family room with fireplace, 2nd floor bonus room and laundry room, screened-in patio, and attached 3-car garage.

 

 

 

Property Details

  • Single family home
  • all brick
  • 5 bedrooms
  • 3.5 baths
  • living room
  • dining room
  • kitchen with breakfast area
  • family room with fireplace
  • screened-in patio
  • 3 car garage

 

We hope that you enjoyed the photos.  They’re taken directly from the government site.  They’re used to give you an idea of what the property looked like.  If the property is still available when you join us take the opportunity to view the house during it’s open house.

There are more Iowa auctions throughout the year.  Iowa auctions of real estate are available throughout the year. Iowa has real estate foreclosures, auctions, computer, auto and more for sale.

Government sales information

The United States government sells at auction many different types of properties, from real estate auctions to computers to cars and more.  What we want to do here at Government Deals is find some of them that are upcoming for auction and present them to you.

NOTE: Our property description and property details are taken directly from the government sites.  The property might be different when you view it, please note that we can’t be held responsible for the accuracy of anything that the government states.

NOTE: The properties that we list are available at time of  posting.  If you join our site Government Deals before the auction date, you’ll be able to see that property.  Remember the government might remove properties or change dates and information without our knowledge.  GovernmentDeals.com is not responsible for cancelled sales, and/or property removals.

Please use due diligence when trying to purchase a property at an auction.  Do as much research as possible.

We go through the list and pick the properties that our team found most interesting.