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Jon S.

Contributor Level

Total Points
87

1 Review by Jon

  • Auction.com

4/3/20

I bid on a property that they claimed was worth about $234K, and Zillow said it was worth about $130K. Getting it for $70K seemed like dream come true. After winning I wanted to see in person (about 3 hour drive), but was told I would not be able to see until after closing. After many attempts to gain access, I went to view exterior. The building was rotting away, with the door sill riddled with wood rot, which spreads like the plague, and is worse than termites to a structure. So basically, the property was worth less than the land, because I will have to pay to have it demolished and removed. This is blatant fraud, and illegal in NJ to sell a property with known hidden problems. They claim they have never lived there, so do not know of problems, but the first thing the bank does after foreclosure is has an inspection report. The only legitimate auctions on the site are not bargains in any way, with reserves higher than you could have bought it through a realtor.

I had bid on another property, and was high bidder, but bank informed me they refuse my bid, and wanted $13K more for it. I went to see property, and the pictures they took were completely misleading. The house had numerous other building on property, and one, the other side was completely missing, from being rotted off. The second floor of main building leaned about 3 inches from front to back, over about 12 feet.

So basically Auction.com is in collusion with fraudulent bankers, and never believe any listing on Zillow without seeing with your own eyes. Zillow will outright lie, to get business from Auction.com.

One other issue with Zillow, is they sometimes leave listings on their site, that have not been available for several months.

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diane n. – Auction.com Rep

Thank you for your review. It is important to conduct your due diligence beforehand. Be sure to check the property details page to learn as much as you can. You can drive by the outside to take photos and observe the neighborhood. Please be mindful that our properties are sold “as is”.

Per the terms and conditions you agreed to when registering, a property may be sold to you “subject to”. When a property is sold “subject to the seller’s confirmation,” the sellers don’t accept the bid right away so the sale is subject to their confirmation, meaning they have a set period of time to either accept or reject the offer. If you have any additional questions or concerns, please call our Customer Care team 800-793-6107 Mon – Fri 7am to 7pm CST., or email us with your contact information at customerservice@auction.com.

Jon Has Earned 7 Votes

Jon S.'s review of Auction.com earned 7 Very Helpful votes

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