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George K.

Contributor Level

Total Points
115

1 Review by George

  • Auction.com

11/3/16

Tried to by a condo that was listed with a local broker for $138.060 we were told we have to buy it thru realtor.com even though it was fresh on the market. Not the realtors fault by any means. WE offered over list to the realtor but she told us that it was out of her control. Signed up with realtor.com offered 135k due to the 5% commission fee to the auction. BID did not meet reserve price and it went off line. Emailed the auction told them we would be willing to negotiate. No response. Emailed the broker with an offer of 142.500.00. She called us back and informed us still out of her control and that she was very sorry.it was going back on auction. Com again soon. SO back we went got registered. Starting bidding Nov 1st in the am auction to end at 1pm bid 9 times reserve came off at 132.500.00 we were the highest bid. Great! Told my wife, so excited! Still not ours honey. Thus was at around 11 am 2 hours to go. Told her people could bid at the last minute. But that's OK the clock resets and gives you 2 more minutes to counter bid as I've seen before on this sute.no problem I thought. WE were top bidder until 2 seconds left then it happened screen told us we were out bid and the condo vanished from the site.no chance to counter Wtf! Sold to someone else just that fast called customer service they told us that there monitor showed extended time that it was my fault! A total lie and the biggest scam I have ever seen. Talked to a manager he ssid I didn't refresh my screen. Also a lie. It showed we were top bid and the clock was working as it should! Shortly after our realtor called and asked what happened because she was watching the auction and confirmed the exact same thing! Wow! She felt so bad but again she could do nothing. Found out later that night that the bank that owned the condo lowered the price from 138k to 129k right before it went on auction. Com for the second time! Even though we offered 142.500. Before it went back on the site. Then sold it for approximately 10k less. AT auction. Com. Sounds like there's a snake in the wood pile! We believe that a friend or investors stole our house from us! We will not let this rest. WE will fight this until all avenues are exhausted! Attorneys, social media, local news teams. And the bank itself. This should be illegal. This can't go on we must fight! Ps. I should have read the reviews before like I normally do. But we wanted the condo so much I wasn't thinking straight. Will keep posted if anything changes. Thanks to all.

George Has Earned 35 Votes

George K.'s review of Auction.com earned 35 Very Helpful votes

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