There is a buyer's market in Mexico for some high-end properties that have a gruesome past.
The Mexican government began auctioning dozens of items confiscated by drug traffickers and other criminals on Sunday, including houses with swimming pools and escape tunnels, as well as walk-in homes.
The auction was the first time that the Mexican administration and Seizure of Assets Service carried out an on-site real estate auction, which included 27 lots, according to El Universal.
GUATEMALAN MIGRANTS ATTEMPT TO REACH OUR BORDER TO MEXICO RAMPS UP PRESSURE
Mexican President Andres Manuel López Obrador has pledged to confiscate the proceeds of auctioning land and property, according to Reuters former governments supported marginalized communities in areas affected by drug trafficking.
"[Buyers] will know that in addition to the acquisition of a good, they also do good, that is, they will help those who need support and marginalization because of poverty", he said on Friday.
The real estate auctioned on Sunday included a ranch surrounded by acres of land and a luxury apartment where an unidentified cartel commander was killed and disposed of by his brothers.
Of the 27 available items, only six were sold on Sunday. Mexican media reported that the deal also brought in just $ 2.9 million of the planned $ 8.7 million.
One of these cases involved a house in Mexico City that previously belonged to the Beltran Leyva cartel and cost $ 729,000, El Universal reported.
The auction of properties takes place a month after a similar event in which about $ 1.5 million from the sale of houses and luxury cars of criminals, including Porsches and a Lamborghini, were applied.
CLICK HERE FOR THE FOX NEWS APP
Authorities said many more auctions would take place in the coming months to help poor areas across the country.
López Obrador, who was elected last year, has also promised to sell his presidential plane and other state-owned vehicles to fund efforts to combat violence and corruption.