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Repossessed Cars, Trucks, & SUVs For Auction. Are you looking for a great deal on a used vehicle? Copart has hundreds of repossessions available to bid on each week. Whether you are looking for vehicles to sell on your lot, rebuild for personal use, or give to your newly-licensed 16 year old, you are sure to find something that meets your needs
Find Government Seized & Surplus Vehicles (Cars, Autos, Motorcycles) for Auction/Sale in Your State/Territory or Online using GovernmentAuctions.org® Car Auctions - GovernmentAuctions.org® Read our Blog
Bank Repo, Seized, Government And Police Vehicle Auctions (See Also: "How To Get The Best "NEW" Car Price") We've bought and sold somewhere in the neighborhood of 2,500 vehicles at wholesale car auctions over the years.
Several government agencies sell items to the public through both live and online auctions. These auctions, especially online ones, let you purchase government-owned assets across the country and U.S.-owned territories. Agencies sell many types of items such as vehicles, computers, and real estate.
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Repossession is a term describing the act of the actual owner of an item either rented, leased or borrowed taking the item back, either with or without compensation, or a lienholder taking possession of an item used as collateral for a loan from its registered owner.Repossession, colloquially known as "repo" for short, is a "self-help" type of action in which the party having right of ownership of the property in question takes the property back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. The extent to which repossession is authorized, and how it may be executed, greatly varies in different jurisdictions (see below). When a lender cannot find the collateral, cannot peacefully obtain it through self-help repossession, or the jurisdiction does not allow self-help repossession, the alternative legal remedy to order the borrower to return the goods (prior to judgment) is replevin. The security interest over the collateral is often known as a lien. The lender/creditor is known as the lienholder.
The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal banking regulations. The phrase "shadow banking" contains the pejorative connotation of back alley loan sharks. Many in the financial services industry find this phrase offensive and prefer the euphemism "market-based finance". This definition was first put forward by PIMCO (Pacific Investment Management Company) executive director Paul McCulley at FED (Federal Reserve System) annual meeting in 2007. Former US Federal Reserve Chair Ben Bernanke provided the following definition in November 2013: Shadow banking has grown in importance to rival traditional depository banking, and was a primary factor in the subprime mortgage crisis of 2007-2008 and the global recession that followed.
A government auction is an auction of goods which have been confiscated by various Government bodies and agencies. Government auctions may be found in most countries but can often differ in their format. In certain places, United States for instance, they are held by local departments, and proceeds are retained by the authorities. Generally, these types of auction are open to the public such as the United Kingdom.