While other states are developing laws to streamline the lien auction process, New York Senator Tony Avella is working to create laws that could be very unfavorable to storage facility owners and auction hunters. The bill was introduced on...
Category - News
News related to online storage auctions, the storage industry and storage unit auctions in general.
Great news! We recently acquired OnlineStorageAuctions.com, the premium exact-match domain for the online storage auction niche. As a result, we have reorganized two of our existing properties under the new domain: VirtualStorageAuction.com, a...
Slowly but surely, state laws are beginning to catch up with modern technology when it comes to storage auctions. Starting January 1, 2014, Oregon will join the growing ranks of states whose reformed lien laws allow auctions to be held...
The laws governing storage auctions have been slow to adapt to new technology. Many states are still operating under laws written in the 1980s or earlier, and they can seem very outdated today. In many states, auctions are required to take...
As of October 2013, North Carolina has joined the growing list of states whose legislature allows lien sales to be held over the Internet. Until now, storage auction facility owners were required to follow an outdated law that mandated all...
Last week, we mentioned a case in Detroit where a man who found child pornography in a storage unit was subsequently arrested for impeding a criminal investigation. More details have been uncovered in this case, including the man’s own...
Thousands of clothing items have been claimed by the Internal Revenue Service from an Alabama business that failed to pay its taxes. Details on the debtor have not been released, but the auction inventory includes thousands of brand-new...
A storage auction in New Zealand recently uncovered a rare musical instrument worth thousands of dollars hidden amongst a pile of otherwise worthless junk. The instrument in question is a 36-string lute made in 1926. Lutes are relatively...
Storage facilities in Colorado have an easier time holding auctions now due to a change in the way the state’s lien laws are written. The bill, which was passed in mid April, lifts the previous requirement for storage facilities to...
Financial reports from the real estate industry for 2013 show that storage facilities and shopping malls are the most profitable types of real estate investments. In fact, the growth of storage facilities exceeded the expectations of The Wall...