Florida Bank Repo: Finding the steals in Florida

It is difficult next to impossible to find florida bank repo asset auctions on the internet. This is due primarily to the fact that lender advertising or notices for their repo auctions are advertised mostly on a LOCAL level. Before repo items are put up for auction, lenders are mandated by law to advertise locally for a minimum of four weeks typically via. local newspapers as opposed to the internet.

It is true that the internet is shifting more and more towards a more effective local advertising scope. But right now I know I have still had more luck looking in the local newspaper for florida bank repo auctions. Another alternative would be to motivate lenders to notify you when their repossessed assets come available.

But I will say unless you have hundreds of lenders who will agree to and then actually notify you of their repo's, the odds of you being able to even find and then bid on the paticular asset you're actually looking for is slim to none. That's the downside of local...not enough supply to find what you would want.

So that leads me to what I suggest as a better option that has enabled me to utilize national repo awareness, if you will, on about any conceivable asset. And you're not limited to merely Florida Bank repo lenders.

I've found an extremely profitable website that utilizes a member based databank at Auctionspass.com. that has not only delivered me local lenders auctioning off their Florida bank Repo, but lenders, government, police, and other public auction listings on a NATIONAL level as well.

If I don't find what I'm looking for I wait a day or so until it comes to auction. I've found auction databases need to be updated regularly and arranged in a useable format to be useful and AuctionPass lives true to their claim.

In general locating legitimate auctions particularly boat auctions is a tough nut to crack, I can attest. It's much easier to have access to an internet auction database that brings me not only the location of the auction but the type of asset I want to bid on as well. So again, if I don't like what's available I wait a day or so.

For example, I can regularly find a different boat on any given day that's either been repo'd, Police seized, or storm damaged anywhere from California to the Carolina's. How far I'm willing to travel depends upon what asset is up for bid, the proximity of the auction to Central Florida....and if I can get a leave of absence at work.