How To Prevent Your Storage Items From Being Auctioned

How To Prevent Your Storage Items From Being Auctioned

How to​ Prevent Your Storage Items From Being Auctioned
Are you the​ renter of​ a​ self-storage unit? if​ so, you may have heard of​ storage unit auctions .​
At first glance, they may cause you some concern .​
Can you fall victim to​ these auctions? Can your possessions really be sold at​ one? Yes, they can, but there are steps that you can take to​ prevent this from happening.
Pay Your Bill
The reason for​ public storage auctions is​ unpaid bills .​
Your storage unit bill should be treated like any other important bill .​
Treat it​ just like your mortgage or​ car payment .​
if​ you miss enough payments, your home can be foreclosed on or​ your car can be repossessed .​
the​ same thing can happen with self-storage units .​
In some ways, your belongings are held as​ collateral.
Never let your bill fall behind more than two months at​ a​ time .​
Your best bet is​ to​ keep it​ updated and​ paid on time .​
if​ you foresee financial difficulties ahead, remove your belongings while your account is​ still in​ good standing .​
Store them at​ your home or​ at​ the​ home of​ a​ close friend or​ family member .​
Talk to​ the​ Owner
This approach is​ one that you should not rely heavily on, but it​ will not hurt to​ try .​
if​ you are experiencing temporary financial difficulties, explain that .​
Let the​ company know you can make full payment the​ following month or​ in​ a​ few weeks .​
Offer to​ make small weekly payments, especially if​ it​ can prolong an​ auction .​
Do not, however, make this agreement if​ it​ is​ one that you cannot keep .​

Remove Your Belongings
Did you receive a​ warning that your storage unit contents may be auctioned? if​ so, can you get to​ them? You may be able to .​
if​ so, remove everything from your storage unit immediately, especially all family photographs and​ personal documents .​
if​ these items sell, they will be thrown away almost right away .​
When removing your belongings, you will still have an​ unpaid bill to​ pay .​
With that said, if​ your stuff is​ not inside the​ storage unit, it​ cannot be auctioned off.
If you opt for​ this approach, you will want to​ take action right away .​
After three months or​ more, the​ self-storage company may change the​ locks .​
This means that you may not gain access to​ the​ unit .​
Many will refuse to​ give you back your belongings until you agree to​ pay your overdue bill or​ at​ least a​ portion of​ it.
Check Your Contract
After a​ certain period of​ time, an​ unpaid storage unit bill can translate into abandonment of​ property .​
This means that regardless of​ whether or​ not an​ auction is​ listed as​ a​ consequence for​ an​ unpaid bill in​ your contract, one can still take place .​
It is​ still important to​ consult with your contract .​
if​ you do not see anything about a​ storage auction, you can cause a​ stir .​
This may buy you more time
Check Your Mail and​ Answer Your Phone
Before a​ public storage auction is​ held, the​ owners will likely try to​ contact you and​ multiple times .​
Do not assume that you are simply just getting another late notice .​
There might be a​ warning that your belongings are slated to​ be sold .​

Those running self-storage units do not want to​ sell or​ auction off your personal belongings, which is​ why they will make multiple attempts at​ contact .​
You need to​ remember that they are running a​ business .​
Your unpaid bills are causing them to​ lose money.
As a​ recap, the​ best way to​ avoid having your belongings auctioned at​ a​ public storage auction is​ to​ pay your bill and​ on time .​
Once you have gotten your bill in​ good standing, you may want to​ attend a​ public auction .​
When you are the​ bidder, as​ opposed to​ the​ person having their items sold, you may see how neat these auctions really are .​
In fact, did you know that you could make money with them?

Related Posts:

Powered by Blogger.