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Yes, if you do not pay your storage bill, they will place a lien on your stuff and auction it. They are required to auction because it is more likely to bring fair market value. If they auction your stuff and it brings in more money than you owe, they are supposed to write you a check for the remainder.
What else can I help you with?
If a car is reposessed and was sent to auction is it legal for the repo company to bill for storage fees for the period the vehicle was in their lot?
No they are just trying to get extra money off you , that's why a repo company tries to wait till the last second to send a car to the auction. so if there is some chance of you redeeming your car they want you to do it there so they can get storage fee's off you. I cover this topic and more at www.stoptheRepoman.com
What is the best off site storage company in Chicago?
The best off site storage company is U-Haul and Storage Today. It is located at 500 W Cermack Chicago, IL 60616.
Where do Philadelphia storage auctions occur?
"Philadelphia storage auctions are something that happens when someone has a storage unit full of stuff and stops paying their storage fees. The stuff is auctioned off to pay the rent, this could happen at any storage facility."
How do you get a auctioners license to storage units?
If you're saying that you're a storage company and you're trying to auction off someone's goods because they stopped paying their bills, then I don't think you need an auctioneer's licence. Best bet is to stick the stuff on ebay, or you might find it easier to just pay someone to take all the junk away(most delinquent storage units are full of junk - otherwise the customer would pay the money to retain their valuable stuff!Check out clause 18 on our terms and conditions to get an idea of what the rules are (see link below).
How long does the finance company have to hold the vehicle before they can auction it off?
20 days.
Can I write-off a records storage company as part of the cost to my business on my taxes?
Storage costs related to your business can be written off on your taxes. Storage costs include fees paid to storage services and companies.
Auction Event?
form_title=Auction Event form_header=Hold an auction event to generate revenue for your company. Approximately, how much money do you estimate will be generated from this auction event?=_ When would you like to hold the auction event?=_ What types of items would you like to auction off? =_ How many items will be up for auction? =_
When can you legally be locked out of your self storage unit in MA?
two situation i could think of 1) you owe them money (they can auction off your stuff) 2) they find out that you are storing illegal stuff (read the T&C carefully) In some country even when you fail to pay, they can't sell you stuff, like HongKong Storage
What are government and police auctions?
It is an auction conducted by a police department where the department sells off items confiscated during that year.
If your house is auction off how many days do you have to leave premises?
30 days after the auction
If the bank's insurance pays the car off as a bad debt and sells the car at auction will the insurance company come after you for the difference on the loan?
Yes, in many states they will.
What is an insurance recovery car?
Stolen car that claim was paid off by the insurance company. The car was later recovered. Because the claim was already paid the car is owned by the insurance company and they will typically sale these at auction.
