With all of the economic problems that have been going on in the last couple of years, the number of people who are having their cars repossessed by banks or seized by state and federal government agencies, like the IRS, is on the rise. This means that there are also more seized car auctions happening all the time and attending used car auctions is becoming more commonplace and is increasingly becoming a good way for people to save money when they need to get another car.
When people get behind on their car payments, it is common for the lending institution to take back the vehicle, especially if there is no way for the person to get caught up on missed loan payments. The result is that the larger banks, credit unions and finance companies are often overflowing with repossessed cars and seized cars that they need to sell through a seized car auction.
A variety of different government agencies, from the local level to the federal level, have the authority to seize vehicles and place them in seized car auctions. These seizures occur when someone owes a lot of money to the IRS, or when the vehicle was involved in a […]
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The majority of average citizens are not aware that most police agencies, including your local town’s police department, your county Sheriff’s department, as well as the law enforcement agencies at the state and federal levels, have massive amounts of property of all kinds in their possession. This property has either been seized or confiscated by the powers of the agency, or it was lost or abandoned by the former owners. When the warehouses and parking lots start to get filled up it is time for general police auctions and police auto auctions to take place.
While some of this property that goes into a police auto auction, or a general property auction, is there as the result of arrests, seizures and forfeitures, there is also a lot of property in the warehouses of public agencies simply because of the carelessness on the part of the property owners. There are many cases where someone absentmindedly leaves something like a bicycle behind and never takes the additional steps to see if it had been turned into the authorities.
In addition, a great deal of personal property of all kinds is confiscated from theft rings and drug busts, and because the property was not […]
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window.document.getElementById(’post-45′).parentNode.className += ‘ adhesive_post’;At some point, you have probably heard of umbrella insurance, but have no idea what it is. Well, first off, it does not cover the umbrella you protect yourself from the rain. It is a figure of speech. An umbrella policy is designed to shield you from almost everything that your home and auto insurance does not, as well as fill in gaps in coverage when the limits of your regular policy are exhausted.
Every day, there are personal lawsuits filed against ordinary citizens, with the reasons ranging from the frivolous to the justified. When and if this happens to you, you need to be prepared. More often than not, people are sued and have no extra protection to block the plaintiff from going after their personal assets in the lawsuit. To protect yourself from such a quandary, you need to have umbrella insurance.
An umbrella is often referred to as excess liability. This excess liability coverage kicks in when the underlying limits on your home or auto policy have been exhausted, or if you are sued personally for something that neither your home nor your auto insurance covers. Depending on the company, you can purchase anywhere from 1 […]
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