khaledh19

Khaled H.

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84

1 Review by Khaled

2.1K Views
10/9/21

Won a home on auction.com. The address is 26932 YALAHA RD
Yalaha, Florida 34797.

Got the contract and it's not bank owned as they advertise, the seller is an LLC private investor. I decided to dig a little deeper and they seem to bid on their own homes which is considered shill bidding which is illegal in all states. An example in section 817.41 talks about it shall be unlawful for any person to advertise in any way or by any medium whatsoever, any sale as "wholesale sale" in our case its "Bank owned" which is the "whole sale" equivalent in the real estate market, or terms of similar purport designed and intended for obtaining money or property under false pretenses. This law is also simular to California law.

When I emailed the ceo of the company he didn't respond he sent his dogs to reply to me of which were unprofessional, he then blocked me and suspended my auction.com account because I was questioning their multiple misleading practices.

So here is a summary of auction.com
1. They shill bid which means they bid on their own properties

2. Non of their homes are owned by banks or foreclosure, most are private investor looking to make quick buck. The home we purchased had foundation problems and termites, the seller and agent and broker knew about it but still relisted it. Ther were multiple bids prior to me winning the auction and I see its impossible to have been real bidders cause if they were they would have reached out to the 2nd highest bidder instead they relksted the property without notifying bidders it has foundation and termites as required by law.
3.

Contact your attorney General and file an sec report asap if you been neglected by this company. This is unacceptable.

Khaled Has Earned 2 Votes

Khaled H.'s review of Auction.com earned 2 Very Helpful votes

Khaled Has Received 1 Thank You

michaelm7828
Michael M. thanked you for your review of Auction.com

“Thank you for the information, i am going to gather more people that have been wronged by this company and file a class action against them”

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