United States Marshals Service (USMS) Auctions
 

General Questions:


Real Estate:


Personal Property:


General Questions

What is the reserve?

The reserve price is the minimum dollar amount USMS will accept for an auction. USMS will not disclose the reserve amount for any of their auctions. It is the responsibility of all potential bidders to conduct their own research and determine the amount that they believe the item is worth and how much they will bid.


How will I know if the reserve has been met?

The language on the auction listing will change from "Reserve Not Met" to "Reserve Met" once the reserve is reached.


I was the high bidder and I wasn't notified that I won the auction? Why is the auction marked as closed?

You may have been the high bidder, but the auction's reserve amount was not met. USMS is not obligated to sell an asset unless the reserve price is met.


How do I know that these are legitimate auctions?

Properties auctioned by USMS are forfeited to the U.S. government under federal court order and sold on behalf of the U.S. government as authorized by the federal courts. All bidders are encouraged to research and review all due diligence information including court documents located on the Additional Details tab of the auction listing.


Is financing available through USMS?

No, financing is not available through USMS. You will have to secure your own private financing.


When is payment due to USMS?

Full payment is due to USMS within 30 days of the close of the auction for real estate and within 5 days for personal property such as automobiles and artwork.


Real Estate

What is the property address?

Can you describe the area where the property is located?

The address for this property is located in the auction description. If no address is noted or the property does not have a street address, you may wish to contact the county where the property is located to inquire about the exact location. You will need the legal description or the parcel number, provided on the auction listing, to find out the exact location of the property.


How can I get more information about the property?

How many bedrooms/bathrooms does this property have?

How many acres is the property?

All information that we have regarding this property is listed in the auction description. Please take a few moments to read the entire auction listing. If you still have additional questions, consider signing up for the inspection.



Can I inspect the property?

How many people can attend the inspection?

If USMS is able to hold an inspection for a property, date and time is posted under the Inspection Details section of the auction listing. If there is no inspection information is provided, then USMS is unable to accommodate an inspection for that particular property.

All inspections are open to the public; however each person wishing to participate must schedule an appointment by emailing [email protected] and sign a waiver.Click Here for the Sample Waiver.



I missed the inspection date. Can I still view the property?

No. If you miss the scheduled inspection time posted in the auction description it is NOT possible to inspect the property at a different time.



Are there any liens on this property that I will have to pay?

USMS will pay any and all liens at closing for the property. This means you are guaranteed to receive a title that is free and clear.



How much are closing costs?

If I'm the highest bidder in a USMS real estate auction what fees are associated with settlement other than my winning bid amount?

Should I hire a closing attorney?

As the winning bidder, you are responsible for the high bid amount and closing costs. It is the responsibility of all potential bidders to retain an attorney at their own cost. USMS and Bid4Assets do not have information on actual closing costs. Your attorney or title company will provide you with that information.



How do I finalize the sale if I'm the winning bidder?

A Bid4Assets representative calls the winning bidder and gathers additional information needed to complete a Purchase Agreement. The completed Purchase Agreement is sent to the winning bidder who then must sign and return it to Bid4Assets within 24 hours of receiving it from Bid4Assets.



For Real Estate, full payment is due to the US Marshals within 30 business days of the auction close date. Winning bidders must send a certified check, made payable to the U.S. Marshals Service, to the district office. Extensions may be allowed only if granted by the USMS district office.



If the winning bidder does not perform, he/she forfeits the bid deposit to USMS.



Do you offer title insurance?

Can I use my own title company to complete the sale?

How much are the title fees associated with the property?

USMS does not offer title insurance for the properties they auction for sale. It is the responsibility of the winning bidder to conduct their own title search. The winning bidder is also responsible for all costs associated with performing a title search.



Personal Property

Will USMS ship the item to me?

The winning bidder is responsible for arranging the pick up and/or shipping of the item they won.



How long do I have to pick up the property or arrange for shipping once the sale is final?

If you are the winning bidder you will be notified about how long you have to pick up the property or to arrange shipping. The winning bidder is responsible for shipping costs.



How do I finalize the sale if I'm the winning bidder?

A Bid4Assets representative calls the winning bidder and gathers additional information needed to complete a Purchase Agreement. The completed Purchase Agreement is sent to the winning bidder who then must sign and return it to Bid4Assets within 24 hours of receiving it from Bid4Assets.



For personal property, full payment is due to the US Marshals within 5 business days of the auction close date. Winning bidders must send a certified check, made payable to the U.S. Marshals Service, to the district office. If the winning bidder does not perform, he/she forfeits their bid deposit to USMS.



I'm ready to send in my payment. What payment methods are accepted?

USMS only accepts certified funds as payments. The certified check should be made payable to the U.S. Marshals Service.