Today, 8/21/2019, I bid on a bank-owned property. Starting bid was identified as $35k. As soon as the auction started, Auctions.com bid $45k. That is correct - Auctions.com bid on behalf of the Seller. No other bidders, so with about 15 minutes left in the auction, I bid $55k. Within one minute, Auctions.com (again on behalf of the Seller) bid $65k. I then bid $75k. Once again Auctions.com bid taking the bid up to $85k. At this point, I stopped bidding because there were only two bidders - myself and the SELLER! Once the auction came within one minute of ending, Auctions.com bid again which extended the auction another 2 minutes. This happened again and again for another 15 minutes or more until Auctions.com (on behalf of the Seller) had artificially bid the price up to $100k. Remember there is a "Reserve Price" so until bids reach that amount the Seller is not required to sell. And the reserve price is rarely divulged. So I wasted several hours of research and at least an hour in bidding AGAINST THE SELLER. Now Auctions.com has re-scheduled this same property for auction one week from now. Make your own judgment, but I'll never use this unethical service again.
Bottom Line: No, I would not recommend this to a friend
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