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Kentucky auction advertising

Kentucky auction advertising
« on: March 25, 2012, 11:29:06 PM »
Does anyone know how Kentucky advertises their auctions, or if they do at all? I've searched through ads dating back to 2008 and there are less than 10 for 5 counties.

Offline Cobia

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Re: Kentucky auction advertising
« Reply #1 on: March 26, 2012, 07:35:23 AM »
Does anyone know how Kentucky advertises their auctions, or if they do at all? I've searched through ads dating back to 2008 and there are less than 10 for 5 counties.

Check the storage lein laws in your state and make sure the storage facility is even required to auction the storage units. In Tennessee, the facilities are NOT required to auction off the leined contents from the storage units, but many of them do anyway. The facilities that don't take the contents and sell it themselves (you would be surprised how many small Mom & Pop storage facilities own thrift stores as well) or they have friends or business partners who they give or sell all the contents to them.

Re: Kentucky auction advertising
« Reply #2 on: March 26, 2012, 10:26:03 PM »
They aren't required in TN? That's a shock. I live north of Goodlettsville, TN and that's our stomping ground. All the ads we read here say "according to T.C.A. blah blah blah" which led me to believe there was a law.

What part of TN are you from? Or am I wrong in assuming you are from TN.

Offline Cobia

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Re: Kentucky auction advertising
« Reply #3 on: March 27, 2012, 08:12:32 AM »
They aren't required in TN? That's a shock. I live north of Goodlettsville, TN and that's our stomping ground. All the ads we read here say "according to T.C.A. blah blah blah" which led me to believe there was a law.

What part of TN are you from? Or am I wrong in assuming you are from TN.

I'm in Chattanooga. Watch the legal ads for a while and eventually you will see ads from storage facilities that say they are TAKING POSSESION of contents from unit # blah, blah, whatever. When you call them and ask when the auction is, they will tell you there is no auction and they have somebody who buys the contents.

Per law, storage facilities must advertise regardless if they do an auction or take possession, but they don't have to have a lein auction.

This is why it is important to NOT overbid on units in our state. There is no guarantee that someone from the facility hasn't already been inside and taken the valuable and easily sellable contents before auctioning off the rest of the contents, especially if the previous renter has already been legally notified that they took possesion of the unit, say like the week before the actual auction.

This is why I always wonder why I never find flat screen LCD TV's in the units (unless broken), but the console TV's and the flat screen boxes and remote controls are always there. Why I find the old gaming consoles and the new game cases (sometimes) but never the newest gaming console/system. Why I find the bycicle helmets, but never the bikes (unless thier rusty, and beat up). Why the jewelry boxes and watch boxes are always empty (could be the renter never stored the jewelry & watches in the first place). You get my drift.  ;)

Re: Kentucky auction advertising
« Reply #4 on: March 27, 2012, 11:39:12 PM »
Hmmm very interesting points you have there. This makes me wonder if anyone in the nashville area has scored. Also makes me wonder how you get on that short list of people they sell the contents to. No doubt you gotta know someone. This is all very disappointing but it doesn't make me want to stop... yet. Just be much more careful.


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