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GSA/IRS Redemption Program
Auctions Increase Proceeds from Foreclosed Properties
U.S. General Services Administration, 1998
Real Property Disposal
GSA's Northwest Arctic Region stepped in to assist the IRS to recover these potential revenues. GSA identified which properties to redeem, and appraised, managed, secured, marketed, and sold the properties. The redemption program has brought in over $1.4 million in net proceeds to the Federal Government since its inception in 1996.
For more information, contact Ms. Linda Roundtree at (253) 931-7550 or via e-mail at email@example.com
This is a Federal best practice submitted to the U.S. General Services Administration Office of Real Property Management for competition in the GSA Innovative/Best Practices Achievement Award.