Self Storage Auctions, partie deux

Last weekend I posted an Article about self storage auction, without fully explaining the principle behind the idea.

So what is A Self Storage Auction. A storage Auction is a common legal remedy. If you fail to pay your rent on the self Storage unit the owner of the facility can effectively hold your belonging to ransom, until the customer pays the outstanding amount of money. Most people would rather pay the money and usually do pay the fees, than risk losing the property outright.
However there are occasions were some people can not pay or do not want to pay the money that is owed the self-storage facility. This often results with the Self Storage owner selling the belongings at auction. This can be very upsetting for the original owner, particularly in regards to items that have little or no physical value, but of a very high sentimental value.
On the flip side, for buyers and browsers there are bargains to be found and bought. The main focus is the Storage owner to recoup some of the money that has been lost by the non payment of rent. As a general rule the storage facility tries to make back some of their money and empty the space so the unit can be re-rented..
If you happen to attend an Auction like this expect to find all kinds of items, from domestic, collectible, PC and consoles, to more bizarre items like stuff pets etc.