PropertyRoom.com Auctions Unclaimed Property
Published February 13th, 2008
For local police departments across the country, unloading unclaimed property can be an arduous and lengthy task.
Now, a slew of law enforcement agencies and even municipalities have been turning to PropertyRoom.com for help.
The brainchild of former Long Beach, N.Y., police detective Thomas Lane, PropertyRoom.com auctions off to the public unclaimed property that was either lost or recovered in busts. The Web site, www.propertyroom.com, has been around for a few years, but just recently got involved with auctioning police cars and municipality surplus like computers and garbage trucks.
“More and more municipalities are asking for help,’’ said PJ Bellomo, chief operating officer at PropertyRoom.com. “These goods don’t belong in the garbage dump, they have value.” While one may think it would be hard to resell a large industrial back up generator, Bellomo said the company had no problem auctioning it off for $45,000.
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