My Auction Facts


  Don't Get Scammed - Research BEFORE You Spend Your Money

Comprehensive Review of Auction Membership Sites for Seized, Surplus & Unclaimed Property from U.S. Marshalls, FBI, IRS, DEA, U.S. Customs as well as 1000's of Federal, State and Local Agencies Site


Online auctions are great places for entrepreneurs and bargain hunters alike. Whether your someone looking to make money or save money, buying seized and surplus items through auctions can prove to be very lucrative.


Yes, it's true. 

Contrary to popular belief, you can purchase cars, trucks, boats, houses, land, jewelry, electronics and more through seized, surplus and unclaimed property auctions. Some times at a discount of 90% of retail cost. But most of the time the discount will range in the 40%-50% range.

However, you must be very careful. We have tried out nearly every government and personal online auction site. In many cases, these sites were definitely not worth the money. Many of these websites have old, outdated, incomplete and incorrect listings.


Now for the GOOD NEWS!


There are indeed some auction sites that actually deliver on what they advertise. We recommended that you research and compare the different online auction sites on the following criteria.


1. Subscription Price: How much does it cost to join? Is it a one-time fee or annual renewal?

2. Number of Listings: Do they offer 1000's of listings or just a few?

3. Geography: Do they offer National, State and Local sources?

4. Types of Auctions:  Do they provide links to online auctions as well as in-person auctions?

5. Customer Service:  Do they have a customer service department in the event you have a question?


My Auction Facts offers free, informative, straight to the point reviews on most of the online auction sites available today and is constantly being updated.


"Don't Get Scammed. Customers who do their homework get better results."


Are There Are Any Legitimate Penny Auction Sites?  


Penny auction sites get a bad wrap. There are plenty of legitimate sites out there on the world wide web. As a matter of fact most of the hundreds of penny auction sites are legitimate. The problem is not that the sites are not legitimate the problem lies more with expectations. 


On most of the penny auction sites you will find advertising that talks a lot about winning items for pennies on the dollar. In most cases it is possible to win big ticket items for pennies on the dollar but it is not really probable. You are faced with tons of competition for the big ticket items. 


A lot of people get upset when they do not win at the penny auctions which leads to the rumors that penny auction sites are not legitimate. 


Here are a couple of sites that are 100% legitimate: 


            – is one of the most popular penny auction websites. has advertised aggressively using all different types of media outlets. This has made one of the most popular websites. This is a legitimate site that does deliver as promised. 

            – is also a very popular penny auction site thanks to outstanding media saturation and offering a nice inventory of products that are up for auction. This site is legitimate. 

            is a legitimate penny auction site that allows you to text message your bids into the site from your phone. This is a good site to use when you are on the run. 

            -is a penny auction site where the bids start at $.12 with no reserve. They offer several different auctions from a penny up to 24 cents. 

            also a legitimate penny auction site. There is a three item limit win per day which is a nice way to level the playing field for everyone. 

            is a legitimate site that offers a nice option to earn rewards with each bid. 


Some Considerations 


When you are checking out penny auction sites you need to keep in mind that all penny auction sites require that you purchase your bids up front and there is a certain element of luck that is involved in winning. 


There are literally hundreds of penny auction sites that are out there. Do a little homework before you start bidding. Check out the above sites and get a feel for things before you bid so you feel confident. You can find many different choices online for penny auction sites that are legitimate.