Blog
July 19th, 2009

These Items Are A Steal

by

 

For 10 years now PropertyRoom.com has been selling stolen items. Allow us to explain. The website was created in 1999 by a former police detective to help sell the thousands of items that are confiscated from criminals. These items, which usually end up at local police auctions, are now available online.

Just as you bid on items for sale on ebay.com, PropertyRoom allows users to bid on items — everything from cars, jewelry, clothes, musical instruments, to plastic flamingos. The website’s founder says the 1,600 police departments around the country deliver goods daily to the website’s warehouse where the merchandise is inventoried, sorted then sold.

The website urges consumers to keep careful documentation of the serial numbers on their precious belongings. Law enforcement officials search for stolen items based on their unique serial number. If your stuff ends up on the website, rest assured you can get it back.

Consumers be warned: While many have found some great deals and discounts, PropertyRoom takes little to no responsibility for the quality or condition of the items — they are “sell as is”.

Click here to see the Today Show’s behind-the-scenes look at PropertyRoom.com.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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