Real Estate Auction Warning
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@tomintroy If you say" these auctions" meaning the company that the video featured, then I have no way to accurately comment in one way or another. But if you are referring to the whole auction industry, you are guilty of a generalization that is just untrue. I am going to assume that you are either unfamiliar with auctions or you were a victim of a unprofessional auction company. They do exist as they do in all industries. The key is to know all parties involved through their past experience
MrStillySteve 2 months ago
How hard is it to just have a reserve price like a normal auction and if the reserve is not met then no sale.
This is just a bad practice of the auction company making sure they get there end and don't miss out.
klatlap 2 months ago
2009 was the crash
sha370z 4 months ago
theres a pornsite called money talks
areposo 8 months ago 2
Very good article about the auction company REDC. Everyone NEEDS to know that this is the tactic this company uses. We personally do NOT conduct our auctions in this manner. When we say, "Sold" it is just that... I hope that those whom were damaged by REDC for their tactics and practices win their suit and that large punitive damages are awarded to prevent this type of sham from occurring again. There are some of us (Auction Companies) out there who do have honorable business practices.
trueblueauctions 10 months ago
These auctions always have "plants" in the audience trying to led the sheep to slaughter.
tomintroy 10 months ago
"absolute auction" is the term used to describe an auction in which the property is sold to the highest bidder regardless of the amount... if it's not an absolute auction, then the seller does not have to sell the property to the highest bidder
ScalaCharlie 1 year ago
Why would anyone sign a big document like that without reading it first? I figure if it's important enough for me to have sign it, it's important enough for me to have to read it.
Qrayon 1 year ago
@slinkycat321 because if they owed 100k for example, want to get atlest sell it for 50k and the winner buys it for 5k...do the math, banks get paid for lending money not buying houses and selling them 99% less...
davidgsr2k 1 year ago
This video is scary, but honestly you can still make a fair deal of money in the real estate market. I looked at a book found here
howtomakeakillinginrealestate
dot com
halimah05 1 year ago