Auction.com

I had a ton of questions that I had which were realllllly dumbed down becauseI didn't even know what a title company was or a lien etc or how anything worked when buying or being in an auction and he was such a pleasure! I am sure it was not easy for him to answer all of my questions because Im sure most already know these things but he said questions are essential to learning and being a teacher thats also my philosophy! He persisted and gave me all the info I needed!

This is not an auction at all. They, according to their own rules, can manipulate anything that even approaches the appearance of a legitimate auction model. Read their following words," Until the seller's reserve price is met, Auction.com may counter bid on behalf of the seller. Counter bidding gives buyers and sellers more flexibility to find a mutually agreeable price. Counter bids do not occur after the seller's reserve price is met."
Until their "reserve price" is met, they can bid up others bidding on the site - even if there is just one other bidder. On top of that holding deposits?
Bridgeport, CT bid just took place on house that was worth 100k and it went for $151,911. For an investor there is no upside. For a homeowner it needs $50k put into it, thus no upside. Go buy a house that has already been done.

Do not do business with this company. They lie and do not communicate with the buyer. It's as if the left hand and don't know what the right hand is doing. I bid and won the bid on 4008 s Indigo in Harvey, Louisiana. On 5/18/2020. I submitted my proof of funds on 5/17/2020. I then wired the 5% of purchase price, $5135. 00 to the address and account they provided On 5/24. I finally was able to ask for a supervisor at Brightline to help me get my refund.
My name is Lovie Mcgee

Recently there was a property that I was interested in bidding on. The bidding was to be from the 17th to the 19th of February. I went to place a bid and the property was not there. I contacted them and they said that it had been sold at pre auction. I did not see anything about a pre auction when I was researching.

This is not fair nor ethical. I did not get a chance to bid. When I asked who had purchased the property they would not tell me. How can they get away with such underhanded dealings? I cannot believe this is legal,

They say they place a hold on the account for that money, but they actually withdraw the money immediately. When you ask to get your money back, because you didn't win the bid, they tell you it will be returned the Saturday after the auction ends, but note that it may take 1-5 days after that to return to your bank. If they can take it immediately, why do they not return it immediately? Do they take your money so that they can earn interest on it and they hold it as long as they can for that purpose? When I used the chat, because you can't actually talk to a live person, Mary J. Did not feel the least bit concerned that I would post this review, go to the BBB and report them to the bank. So, let's see if Mary J. Cares afterward. Stay away from this site. They are crooks.

I read most of the feedback from previous bidders & buyers on Auction.com and I experienced the same situation, there website automatically bids against you on a bid to drive the price up so they can charge a high fee with there %, I'm kind of feeling scammed out of my money, I prefer to deal with the bank or Realtor instead of giving my hard earned money to these people.

I made a offer of 220k on this property before it went up for auction on auction.com, I made 4 bids and each was auto counter bid until my final bid of 225k, then auction.com wanted 11K cash wired to there attorney asap for their fee. This is what I seen on the property today while I was in the area after signing the contract, these auction for sale sign was not on this property 2 weeks ago, stay away from auction.com

This site should get negative zero stars, I won a bid, paid my earnest money, and was assigned a closing attorney. After waiting 15 days, I was told the seller(bank of america) had not signed the contract, after waiting 20 days, I got a rejection notifcation letter, I was told by the closing attorney to contact aution.com, I was told by auction.com, maybe I should submit a counter offer, this site is a real... joke, do not waste your time.

This company is absolutely horrible and unethical. I won a house at auction, and i went to pay. They sent me over a ridiculous contract that stated, specifically, that I agreed and acknowledged that they had been given me 7 days to inspect the property, including the inside, and that I had access to the property and had completed a thorough interior and exterior inspeciton.

Of course, I did NOT have access to the inside, and Auction.com refused to provide me with access! They refused to strike that part of the contract. They DEMANDED that I sign a statement saying they had provided me with access, while simultaneously in the same email, denying me access! Totally unethical!

I was pressured into a quick arm twisting decision from offer acceptance to fully executed contract, that's roughly half way trough the process. I wanted to take title but was in process on LLC doc's from division of state, I was treatened if I didnt perform under my personal name, I would forfeit my deposit / earnest money deposit. I can't believe just how terrible its been getting midway through the deal from staff all the way up to supervisor / managing staff. I gave them 1 star because that was the lowest grade I could give SMH in total disgust.

I bid on a property but I wasn't aware of the fact that it was a cash only listing. I didn't have all the cash and I couldn't go through with the purchase. Since it was my first bidding on Auction.com, they returned my $2500 deposit. I should have done my homework prior bidding I think it was entirely my fault. Also the contract specialist was very helpful and nice to me and my husband, he helped a lot with our situation. Thank you!

I read the reviews here and figured I was wasting my time but took a chance because it was my dream home. Customer service got ahold of me right away, Closing was expedited by Auction.com. I kept waiting for my realtor to call my and say sorry... but it never happened. There was a lot of entities I never heard of involved in this transaction but they all seemed to work well together. I paid ******* for my house and with all the other fees it was *******. The house is worth around 600k-629k but I have no intention on selling it. Do your homework and keep your eyes open and maybe it will work for you too.

I did not bid, but came very close to falling for this scam. I went to the courthouse and verified the banks ownership and noticed on the website that the property said non-financable and cash only. I got suspicious as to the cash only and called the bank, they said that property was not listed as a foreclosure at the moment and transferred me to another agent who didn't know they owned the property. Since it was so recent it appeared it was probably in their processing. The bank said all their foreclosures were on their website, this property was not listed. I contacted Auction.com and they would not provide me any information verifying the seller or my complaint. I backed off and said this is a scam... Buyers beware of these people, they have done their research ahead of time in the public records of the courthouse and intend to screw you out of your money. DO NOT TRUST THEM!

I was participant of community thread their "transparency" where customers to communicate with other customers feature.

To be fair thead was to discuss desceptive practices users have experienced with site and thread was "locked" by administration so no further commentary could be made on subject by admins.

Company blatantly misleads customers and actively blocks users from providing experiences that are not to their benefit to future users.

As realtor for a property put on Auction.com by lender, I shared Disclosures of environmental contamination, mold reports, and over $70k in liens. Auction.com refused to put certified reports om their site.
They also put the home's "highest past value' at over $2M when all short sale offers were under $200k, and no homes nearby have sold over $500k in the best of shape.
Auction.com is fraudulent, Great deals, but Buyer beware on everything. They misrepresent everything.