But when a company makes alluring promises about the price of cars or homes and then asks you to give out your bank account or credit card number, it should raise a red flag. Recognize that seized vehicles often are sold at government auctions, but rarely at the bargain-basement prices in some misleading ads. Expect to pay what the vehicle is worth, or just slightly less, and expect to compete against other bidders, including those who are well-financed. Be aware that foreclosed homes often are sold for slightly less than their appraised values, but may require substantial repairs. Recognize that the auction guide company isn't the only source for the information you're seeking.
Chances are it's available from individual government agencies for free or at a low cost.
Ask to be put on a mailing list to be notified of upcoming sales. Some government sales programs advertise in the media, on the Internet or through postings in government buildings. Get the name and location of the company and check it out with the local Better Business Bureau or your state Attorney General. Get a written copy of the return policy before you pay for an auction guide or list of foreclosed homes. Some fraudulent sellers of auction guides give consumers the impression that refunds are no problem.