I won the winning bid on Auction.com. Yes, the comments from others are true. After the bid time is over they keep extending the time to include the price.
You have to meet all the closing time requirements on Auction.com. I did this. Also, you're told you have to wire funds for a buyer's premium (extra from the bid), this is before you can move along to closing. I wired $10,375.
I’m connected to a live escrow agent and a closing attorney. From the closing attorney I’m told the seller doesn’t want to sign the deed. We can’t close until they do. I’ve bought homes before and this is a bank-owned property...get it! I know, I am not going to see that $10,375 back. Even though no fault of my own. I looked back on Auction.com and all the information that was on your dashboard is taken off with signing the contract agreement. I wish I used my brains more to check Auction.com reviews out first. I would have saved myself time and my $10,375.
Pros and Cons:
Bottom Line: No, I would not recommend this to a friend
1 people found it helpfulLink to this Review
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