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Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.
The idea for the company was developed after observing a large amount of abandoned, seized, and recovered goods in the police property and evidence rooms. If police agencies are not able to return the stolen merchandise to the rightful owners, by law they must sell seized, recovered, found, and unclaimed personal property at public auction. [1]
Portsmouth Planning Board recommends city auction off tax-seized properties at 508 Richards Ave., 150 Bartlett St. and 323 Islington St.
Asset forfeiture or asset seizure is a form of confiscation of assets by the authorities. In the United States, it is a type of criminal-justice financial obligation . It typically applies to the alleged proceeds or instruments of crime.
Over the past four years, Kansas law enforcement seized $23.1 million in cash and property allegedly linked to criminal activity. Most of the time, owners never tried to take it back.
The assets for sale in the auction are located in the former Stanley Bostitch building in East Greenwich, located at 10 Briggs Drive. Members of the public are able to take a look starting at 10 a ...
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