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How To Not Get Taken By False Claims About Connecticut Auctions
If you respond to an ad for Connecticut auction guide:
- Avoid giving your bank account or credit card number to a company representative who says it's necessary for verification or credit.
- Recognize that seized vehicles in Connecticut often are sold at government auctions. But they are sold at local Connecticut market value which is rarely at the bargain prices quoted in some ads. Expect to pay what the vehicle is worth in Connecticut and to compete against other bidders, including Connecticut used car dealers.
- Be aware that foreclosed homes in Connecticut often are sold for only slightly less than their appraised values. Many foreclosure sale Connecticut properties may require substantial repairs.
- Recognize that the auction guide company isn't the only source for the information you want about auctions in Connecticut. Contact individual government agencies in Connecticut, such as Connecticut county or city governments, for information about their sales programs. Ask to be put on a mailing list to be notified of upcoming sales in that area of Connecticut. Some Connecticut 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 Connecticut Attorney General if they are located in Connecticut.
- Get a written copy of the return policy before you pay for a Connecticut auction guide or list of Connecticut foreclosed homes. Some fraudulent sellers of auction guides in Connecticut give consumers the impression that refunds are no problem. But often, the businesses put so many conditions on refunds that few consumers ever get them.
- Use your credit card to pay for the Connecticut auction guide. It offers more protections than other payment methods if you have a problem with the purchase.
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