david s.

I want to share my experience as I am currently trying to do a closing. So far I am out 14K (5%) signed the contract on 3/28/14, every time I called to check the status they told me to wait the 15 business days in the contract, that I did my part everything was good. Today 4/12 they send an email asking to re-sign as the electronic signature I made with the software they provide, my initials overlapped the text of addendum. That something I had no control of... I asked them to confirm by email that the 15 business days to return the money incase of no response from the seller stays the same as with everything I read here is highly suspicious. I have to add that the contract you sign is removing all your rights on anything in case something goes wrong (ie. The house burn before the closing, the title of the property has an issue, the property is trashed...) If I had knew before I probably would not have moved forward as the risk - reward is not that good. It's like everything as you move toward something is hard to stop but that's not something I would go trough again. There is other way to get properties from a real sale. As everybody said you are bidding against bots and that was my feeling as well during the process. On top of that it is NOT an auction but the right to submit an offer to the owner of the property and he can refuses or accept. I hope I will not have to hire an attorney to get my money back once the deadline expire. Will keep in touch to let you know what happen. One thing certain, I will invest a lot of time and money in reviews on internet in case I loose my deposit to be sure people can Google it.