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Auction.com Complaints & Reviews

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Auction.com - California, Irvine - Canceling closing

Posted: 2014-08-19 by    C white
Complaint Rating:  0 % with 0 votes
Wired my earnest money in to auction.com and nearly a month later two days before closing they tell me in an email "
We haven't encountered this particular issue before, where the rights to a property are transferred to another servicer, and as such we are trying to figure out exactly how this plays out--it seems it is an unusual situation for Auction.com as well"

So now they say I have a 50/50 chance of closing and they can cancel
And not close if we go past the closing date. Which is two days. Wow!
Total joke
Horrible company...
Complaint comments Comments Complaint country United States, California, Irvine Complaint category Real Estate

Auction.com - theifs

Posted: 2014-08-02 by    Dick Johnson
Complaint Rating:  100 % with 1 votes
Oh my God, auction.com paying people to hang
out to read the truth and try to contradict the scams they're pulling? I was
high bidder at $39, 500, I was high bidder at $50, 000, then again at $52, 500,
the $51, 000 bid "mysteriously" disappeared, Summer M, didn't want to
elaborate, to retract a bid you would have to call in, get transferred to the
correct department, explain why you "overbid", get transferred to the
next department to get the bid retracted, something you or I would take 15
minutes to accomplish, but...
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - Deadbeats

Posted: 2014-07-23 by    Brian Marston
Complaint Rating:  0 % with 0 votes
I listed a short sale property in Newark, NJ for a seller and after waiting over a year for Nationstar to approve the short sale, they eventually had Auction.com intervene which required hours of additional paperwork, open houses, trips to the property to post signs, etc. Auction.com said that if I did all these things, I would get a bonus .5% commission. Well after dealing with all their non-sense, etc. The original buyer who waited over a year was outbid by $100. That buyer was extremely difficult to deal with and was a nightmare to get the property closed. After all is said and done, Auction.com...
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - Won the auction - Lost the house!

Posted: 2014-07-21 by    nhoedl
Complaint Rating:  100 % with 1 votes
I bid on a house on auction.com. I won the auction and met the reserve price. I sent my escrow deposit within the 24 hour business deadline as requested. I signed the documents within the 2 hour time period. The closing was set for 2 1/2 weeks later. One week later I received a voice mail that an email was sent to me. The email was a short statement that the seller had already accepted an offer on the house and that auction.com was not supposed to put the house up for auction. There was a lot of work to get the money wired, the contracts sent back, a proof of funds statement, etc. To find out it...
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - Unclear, not factual info.

Posted: 2014-07-13 by    gcltrust01
Complaint Rating:  100 % with 1 votes
A piece of property I sold thru my parents estate to another couple was foreclosed on. This company now has the property listed opening for opening bids 7/15/2014. They have the property listed as foreclosed on and me listed as the last owner. The website also has only one parcel of 3 listed. The one parcel is not large enough for regulation septic system in Trumbull Co. Ohio. The 2nd parcel has 2 garages on it and the 3rd is a teeny tiny L-shaped piece of land that is useless without both of the other parcels. But the 2nd and 3rd parcels are not listed for sale. I sincerely hope if someone bids...
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - Business practices

Posted: 2014-06-01 by    Jake0000
Complaint Rating:  100 % with 1 votes
Just became a winning bidder on auction.com. The comments on this site really make me nervous. I already had a bad feeling after being pressured to sign the contract within 2 hours of winning. I'm also really concerned that they will not let me inspect the property, even though it is vacant. I'm beginning to think there is something wrong with this picture......
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - Fake bidders

Posted: 2014-04-24 by    LPGT01
Complaint Rating:  100 % with 2 votes
I am an investor in Georgia and some other states for foreclosed properties. My company buys many properties each month and has been doing so for several years. When Auction.com entered the marketplace we were not able to buy as many properties. This company has made it much more difficult for all of the investors like me. There are tons of complaints online about them but it looks like the banks don’t care and they are still using them. I just am hoping they change their practices regarding reserve prices and fix their awful transaction process.

1) They do not list the reserve...
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - No verifiable information

Posted: 2014-04-17 by    H Steven
Complaint Rating:  100 % with 1 votes
There is a home for sale in my area, I am concerned of scams and this one has red flags all over it. First there is no contact person to view the property, the listing says it is occupied when in fact it is not and will not allow entry, however it does have a lock box on it, I have ask the phone number of the title insurance company, they do not have that, who is the seller, they do not disclose that information, I have talked with the bank that foreclosed the property and they only say they are not marketing the property, so who is selling this property? I have searched the internet to find the...
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - Scam! Scam! Scam!!!!!!!!!

Posted: 2014-03-20 by    Disgusted1369
Complaint Rating:  88 % with 8 votes
Won the "Auction" which is actually a short sale not an Auction as they claim. I was told after giving my $5000.00 deposit the seller had 15 business days IE three weeks to decide if they want to sell or not. They immediately cut out my Real Estate Agent. When I complained I had not been informed of this fact, their employee emailed me "documentation" that indicated I had agreed to the 15 day waiting period. I pointed out to the employee that he had obviously changed the documentation as I had the original copy. I forwarded all of this to several of his supervisors all of whom...
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - Florida - Not following through on sale

Posted: 2013-11-13 by    auctioncomscammed
Complaint Rating:  0 % with 0 votes
Our firm purchased a house in North Miami Beach to rehab. Reserve was met and earnest monies were paid in a timely manner. Expecting to close about 4 weeks after the purchase, we received a curt e-mail stating the seller does not agree (to the reserve met price!) and that if we want to up our bid maybe the seller will consider.

I then contacted Auction.com who verified that the seller can back out even if reserve was met and moreso, even if the seller agreed to price/terms, and escrow has not closed, the seller can back out at any time for absolutely no reason whatsoever without penalty....
Complaint comments Comments Complaint country United States, Florida Complaint category Real Estate

Auction.com - California, Irvine - waste of time

Posted: 2013-11-09 by    badbadbusiness
Complaint Rating:  100 % with 3 votes
I bid on a home last week. I won the Auction and reserve was met. While I was waiting on Nationstar mortgage to approve my bid, I saw the property go on MLS while it was still pending approval. After calling Auction.com and complaining, I received an email from Auction.com after an hour telling me that my bid was denied by Nationstar mortgage, even though reserve was met. I asked the Auction.com employee what is the point of setting a reserve then? He blamed it all on the seller and told me that Auction.com is only a platform. Based on my experience, I gathered the following regarding Auction.com....
Complaint comments Comments Complaint country United States, California, Irvine Complaint category Other

Auction.com - California, Irvine - Wrong and unfair practices

Posted: 2013-06-14 by    Luusss
Complaint Rating:  100 % with 14 votes
Absolutely don't do business with Auction.com. I bid on a home at auction.com which they advertised as "Approved Short sale" auction and won. The reserve had been met. I signed all the papers right away and transferred 5% of Earnest money into the instructed Escrow Company along with all requirement documents. I did everything I was supposed to do within the time-frame they created which was very intent pressured and was told it should close in 30 days. The auction company told me to start the loan process as soon as I won the bid.

I had demand for the execution and...
Complaint comments Comments Complaint country United States, California, Irvine Complaint category Real Estate

Auction.com - Illegal

Posted: 2013-05-10 by    JoBow
Complaint Rating:  60 % with 5 votes
I was at an auction in LA with my friend, I was sitting in the back with his mother that is disabled.
He was bidding on a house and was about to get it at $290, 000 but was bid over and ended up winning it at $305, 000, there was not that many people there and he didn't see the person that bid over him, so he confronted the auctioneer and asked who had bid over him, the guy said the man in the back with a red cap, that was me!!!
So he called me up and we got into a argument, he said the winning bid was binding, but we threatened to sue them, the whole thing got canceled.. My...
Complaint comments Comments Complaint country United States Complaint category Real Estate

Auction.com - California, Santa Rosa - Doomed for failure

Posted: 2013-03-27 by    Ramib
Complaint Rating:  100 % with 1 votes
auction.com is a concept that is destined for failure. Misleading biding. Intimidating and illusive environment. There are just too many moving parts. Soon enough lawsuits will start rolling in and will ultimately cause it to shut down. In my opinion....
Complaint comments Comments Complaint country United States, California, Santa Rosa Complaint category Real Estate

Auction.com - New York, Windham - FALSE AUCTIONS

Posted: 2013-01-06 by    drgabe
Complaint Rating:  100 % with 1 votes
WON AUCTION AND MET RESERVE ON PROPERTY 3 THE GLADE IN WINDHAM NEW YORK, BUYER MET ALL REQUIREMENTS OF AUCTION, SEVERAL DAYS AFTER EVERYTHINGH DONE, THE SELLER NOTIFIES US THROUGH THERE AGENT THAT THEY ARE NOT GOING THROUGH WITH THE DEAL. SINCE THAT TIME HAD RECEIVED ANY ANSWERS FROM AUCTION.COM. NOTE WE WON THE AUCTION BID AGAINST OURSELVES TO MAKE SURE WE MET THE RESERVE. THE AUCTION SAID SOLD AT END. MY COST ATTORNEY PURCHASE AGREEMENT APRAISAL FOR LOAN AND ALL MANHOUR WORK. AT NO POINT DID AUCTION.COM SAY HOLD ON WAIT SELLER TO APPROVE SALE MY CONVERSATION MY ONLY WAIT IS BANK APPROVAL. THIS...
Complaint comments Comments Complaint country United States, New York, Windham Complaint category Real Estate

Auction.com - California - illegal practices

Posted: 2012-03-28 by    leichnitz
Complaint Rating:  78 % with 9 votes
CALL FOR CLASS ACTION. CONTACT ME IF YOU HAVE HAD SIMILAR EXPERIENCE.
There are several fishy and unscrupulous aspects of this company, but the worst one is that the contract of adhesion that you are forced to sign to purchase the property is unfair and one-sided. Under the law it is called illusory, because it requires the buyer to perform, but the seller can simply choose NOT perform (ie., not sell the property you the bargained for property) any time it wants. I am not talking about the 15 day period after you sign the contract, during which they require a deposit and consider whether...
Complaint comments Comments Complaint country United States, California Complaint category Real Estate

Auction.com - Georgia - no communication

Posted: 2012-02-06 by    dotap
Complaint Rating:  50 % with 6 votes
Bid on a propoerty and won the bid, but the reserve was not met. Auction.com sent an email saying they would call to tell me what to do within one hour after the close of the auction. Nobody called. Their FAQs said that if I had not been called within 72 hours to call them, which I did. The lady said the contracts "had not printed" and asked if I still wanted the property. I said I did and she emailed a contract and earnest money instructions. She said the seller had 15 days to decide on my bid. I wired the earnest money to ServiceLink as instructed. After 14 days I had not heard anything...
Complaint comments Comments Complaint country United States, Georgia Complaint category Real Estate

Auction.com - California, Southern California - Not Legit At All

Posted: 2012-01-19 by    Home Buyer 2012
Complaint Rating:  100 % with 5 votes
I won a bid that met the sellers minimum requirement, signed the "As Is" purchase contract, wired my money, waited for 2 weeks, then was told I was rejected. Everybody I spoke to used a script. Nobody knew anything about real estate transactions, ethical business practices, or common sense. It cost me $25 to wire the deposit - and now they have all my personal financial data on file. I feel like this company is a huge scam and very scary to deal with....
Complaint comments Comments Complaint country United States, California, Southern California Complaint category Real Estate

Auction.com - Nevada, Las Vegas - Won the auction on site, but then was told I didn't. Don't bid!

Posted: 2011-11-02 by    nolasta
Complaint Rating:  100 % with 7 votes
Bid on a property and won on auction.com. After not hearing from auction.com in 72 hours contacted them. They said I was not the winner after all, regardless of what website told me. Also stated, that someone placed a bid for $53, 500 and then I placed the same one fro $53, 000 after, so I did not win . Website does not allow bidding at the same price (duh, auction!) and gives extra 2 minutes when someone outbids you. My bid was the last one placed! Filed a complaint with the Better Business Bureau, but that won't get me the house I want.

DO NOT USE THIS COMPANY! You will regret...
Complaint comments Comments Complaint country United States, Nevada, Las Vegas Complaint category Real Estate

Auction.com - New Hampshire - Non existent customer service

Posted: 2011-10-02 by    F'd over
Complaint Rating:  100 % with 5 votes
I won an auction on from this so called auctioneer, and signed a purchase and sale agreement after weeks and weeks of delays from Auction.com because of poor paper work and zero communication from them, the deal sits stalled since the contractor they used damaged the house so badly upon opening it up for the home inspector it is uninhabitable. I have had ZERO communication from Auction.com. It is so bad the bank who holds the note has taken over and is trying to rectify the issue. The bank has realized that this three month long series of blunders by Auction.com is going to end up in in a losing...
Complaint comments Comments Complaint country United States, New Hampshire Complaint category Real Estate

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