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Realestate auctions a good deal or not, food for thought

I found this on http://countrywide-foreclosures.blogspot.com/ 

 

Update: (And thanks Bubble Sitter for posting this)

“US Home Auctions allow SHILL BIDDING. The quote below is right out if their brochure (and this is the second time I have posted this quote on your web site):”

“On page 122 paragraph 3, I quote verbatim: ‘Except where prohibited by law, the Auctioneer may open bidding on any property by placing a bid on behalf of the Seller and may further bid on behalf of the Seller, up to the amount of the reserve price, by placing successive or consecutive bids for a Property, or by placing bids in response to other bidders.’”

“Your advice to be very careful is right on the mark. US Home Auctions wants to get the bidding going and get people invested in time and effort, then PUMP THEM UP!”


 
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Andrew Monaghan CRS, GRI, EPro Associate Broker
Keller Williams Professional Partners
Peoria, AZ

Office Phone: (602) 308-4660 Ext.: 1
Cell Phone: (602) 920-4343

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