Auction.com is a scam. They hurry the process along so you don't have time to go through the proper channels to insure your financial safety, they extend the auction time to keep driving the bid up, and then they want you to sign a contract before you or your attorney has time to review it, otherwise they threaten to put the house back on the auction block. You will end up paying $2500 PLUS 5% or the cost of the house to auction.com which in our case drove the price of the house and bid $10,000 which then made the house purchase unattractive.
They make it look like the $2500 fee is the only fee, then slam you with 5% more. As you can see from all their reviews they are a shady company and we will be filing legal action against them.