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November 9, 2007, Newsletter Issue #111: What To Look For At A Government Auction
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Tip of the Week
Government auctions are held for a huge number of goods every year. Agencies, like the Department of Agriculture, sell things like trucks, ambulances, computers, lab items, and cars. The Department of Defense sells clothing, vehicles, computers, and air conditioning systems. The Federal Deposit Insurance Corporation (FDIC) sells failed banks and loans at auction and real estate lost through foreclosure. The US Office of Property Disposal sells real property, from land to buildings, throughout the USA, at auction. Government Printing Offices sell the government's used printing and binding equipment. The Office of Housing and Development sells housing that has been lost through mortgage foreclosure. The Bureau of Land Management will occasionally sell federal lands, but since 1976, many of these lands have been protected.
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