Attorney FAQs

MEGA Auctions is typically engaged in the following situations:

• After Eviction Lockouts: We step in once occupants have been legally removed from the property. Our team assesses the personal property left behind and prepares for auction
• During Foreclosure Cases: In cases of foreclosure, our services assist in valuing assets and preparing them for auction to maximize recovery
• During Bankruptcy Proceedings: Asset valuation is crucial during bankruptcies. We provide support in assessing unclaimed personal property to facilitate orderly liquidation

Early engagement allows coordination before statutory missteps occur.

Attorneys typically provide legal authority, statutory interpretation, and risk oversight.

MEGA Auctions executes valuation, notice support, disposition logistics, and documentation consistent with counsel's guidance.

Our approach includes several strategies designed to mitigate legal risks associated with abandoned property:

• Strict Documentation: Comprehensive records are maintained throughout the process, ensuring accountability and compliance with legal stipulations
• Adherence to Statutes: We follow state guidelines closely, ensuring that all procedures align with applicable laws in California, Nevada, and Arizona
• Appraisals Using Industry Best Practices: We utilize respected valuation methods to determine fair market values, helping establish realistic expectations for auction outcomes

The process is designed to create defensible records that support counsel's position if decisions are later scrutinized.

While we operate within state guidelines and regulations, MEGA Auctions does not provide legal advice. Our role is to facilitate the auction process and ensure compliance but not to interpret legal obligations or provide counsel.

We work under attorney direction where appropriate and encourage legal review when statutory ambiguity exists.

We proactively address potential disputes or competing claims through:

• Early Identification via Valuation: Conducting thorough valuations at the outset helps identify potential claimants and inform the process
• UCC-1 Ownership Review: We perform UCC-1 checks to uncover any existing liens or claims on property, aiding in verifying ownership and reducing conflicts during liquidation

We coordinate with counsel to pause, adjust, or redirect disposition when competing claims arise.

Clear documentation is often the difference between a defensible disposition and avoidable exposure:

• Risk Management: Ensuring that all actions are well-documented protects against future disputes and legal challenges
• Transparent Processes: Clear records build trust among stakeholders, including attorneys, clients, and buyers, demonstrating that all procedures adhered to legal standards
• Support During Legal Proceedings: Adequate documentation can be invaluable in cases of disputes, serving as evidence of proper process execution

We retain records of notices, inventories, valuations, photographs, auctions, donations, and final outcomes for at least 12 months (longer if required by statute).

For portfolio-level matters, we provide consistent process execution across sites while maintaining location-specific compliance.

Attorneys benefit from consistent process execution across sites to ensure uniform execution and compliance, and location-specific compliance.

If your situation doesn’t fit neatly into these answers, we’re happy to talk.