Shopping for an IRS Seized Vehicle?

Fountain Valley, CA, August 24, 2006 --(PR.com)-- Auctions hosted by various government agencies such as the Internal Revenue Service (IRS), the Drug Enforcement Agency (DEA), Immigration Customs Enforcement (ICE) can be a great resource for vehicles, homes, boats and even bicycles.

Information about government auctions can be found on sites like PoliceAuctions.com. Some people have used sites like PoliceAuctions.com to locate vehicles through government auctions.

The IRS will be hosting an auction on August 29, 2006 for a 2004 Lincoln Navigator (VIN: 5LMFU28R84LJ34717) loaded with options including custom rims, GPS, CD player, radar detector and front deflector. The odometer reads at a low 25,652 miles. The minimum bid for the Navigator is $19,200. That is at least $18,000 less than the Kelly Blue Book suggested retail (dealer) price of $37,600. There are no known encumbrances to the vehicle.

This vehicle was seized under the authority in Internal Revenue Code section 6331, the property has been seized for nonpayment of internal revenue taxes due from the Taxpayer. The vehicle will be sold at an auction open to the public as provided by Internal Revenue Code section 6335 and related regulations.

The IRS does have certain terms when purchasing a vehicle through an auction. All purchases must be made by cash, certified check, cashier’s check, or money order. All checks must be made payable to the United States Treasury. Full payment is required upon the acceptance of highest bid.

For more information about the IRS auction regarding the 2004 Lincoln Navigator or other government auctions, visit PoliceAuctions.com.

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