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I recently purchased a vacant bank foreclosure on Auction.com and got a very good deal and had a quick, easy and enjoyable experience from bidding to closing. If you do your research and know what to expect it's hassle free and actually is much easier than dealing with non responsive brokers or fussy sellers. Tips: Don't place proxy bids, the site will just bid it up to the reserve, as is disclosed. Don't fight the form contracts, yes they are silly one-sided but you are getting a good deal or otherwise move on. Supply all the required info immediately after you win. Yes you have to pay a 2500$ deposit to bid to keep the fakers out of the bidding. Got it back in a day. Do use a buyers broker as you are paying for the agents anyway and Most importantly do opt to use your own title
Company for the closing.
Tip for consumers:
Reserves are often not disclosed but site will say when it’s reached. Remember the seller bank isn’t bound even if you win until they sign the purchase contract. You are just making an offer! Auction.com will notify you when the seller signs.
Brian O.'s review of Auction.com earned 4 Very Helpful votes
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This is a platform that favors sellers, not buyers. It does seem legit, however, despite me not...
You like the deal.? Well you need to put some thought into it. Auction. Com is legit company,...
