Auction.com - Homes for Sale

I like this app and TenX because it’s transparent. I do wish there were more online auctions over COURT HOUSE STEP auctions. I don’t usually bother doing a cost analysis on CHS auctions unless they are in my home town. I may be very interested in the property, but if it’s live,then, am usually out. Plus, the online sales come with a disclosure report. Even with the many in person live auctions on the site it’s a very good app to have for real estate investors or anyone interested in finding good value for their hard-earned money.

Ok, first thing the app itself is wonderful and works perfectly, IF YOU WIN THE AUCTION, BE PREPARED TO GET THE MONEY TO THE CLOSING COMPANY! I almost didn’t get it on time and they will only take wire trans. You’ll also need to take a pic of the receipt to prove you sent it. Also you must provide proof that you have funds available. With a screenshot of your acct bal with your name in it. I had to get a letter from my bank bc I couldn’t provide the screenshot as my online account doesn’t show my name with the bal I think they said they will take the most recent statement too. The most aggravating thing was that I had to speak to a different person each time I called them B.C. the rep they assigned refused to call me back or answer his phone. I haven’t closed yet but it should go smoothly.

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This app and company are a fraud!!! They said there NO BUYERS Premium, but that is not true!!! Let me explain to you how they make money by screwing you over! They are automatically bidding against you on every auction to drive up the prices. Once the bid amount get close to the secret reserve amount ( for example $139K and this is a educated guess because I have done my research on the property) and my current bid is at $125k, they will come in at and increase bid up to $136k. This put me in a bad spot, because the bid increments are only in $10k, so if I bid again, I will have to go to $146k. They only have to collect the $139K to satisfy the bank, so they get to pocket the extra $7K for their “services” even though they claim not to charge BUYERS PREMIUM! This company is extra deceptive!!! BE AWARE!!!

It was Saturday morning- decided to go ahead and take the plunge and bid on this house! I hit submit- sorry server error- Contact office. As I said- it’s Saturday morning! So I thought someone’s watching over me- just don’t bid! Office closed -call back Monday! So I talked to my husband, he said try again- same thing- then it said your bid has been accepted! So that’s a little scary to think I almost hit submit bid again and would have bid another $10,000 had I not been paying attention! The estimate of value on this house is over $100,000 off- high- I guess if you do your homework you know that, but I can research all the houses Overall it was fun and worked- I got out bid twice and reserve still has not been met - so bank will let the house sit there and rot down and I might get it even cheaper! Not sure where the banks brain comes into play on that part of this!

This is a good app. It’s helped me a lot in making good decisions. It takes a lot of research and communication to provide information for apps such as realestate foreclosures, with that said; the app list most foreclosure listings but misses some. Sometime it’s missing critical information such as “beginning bid”. If you want to know the time of the auctions and beginning bid, you have to call the law firm handling the foreclosure which will be one of five or more different law firms so keep a list of phone numbers. Good luck and do your research.