any buy foreclosed properties through Federa Inc?

Question

Anyone know anything about a company called Federa Inc? website is www.federa.com

it looks like they sell foreclosed and pre-foreclosed properties? is this a good way to buy a property at a discounted price? anyone buy through Federa INC before? What has your experience been like?

Howard Neidig · Answer

****I THINK THIS COMPANY IS A SCAM****

This has been my experience so far with Federa.  I made my deposit which of course was very easy and fast as money is going in to Federa.  I made offers of several properties, waited and monitored the countdown for the live auction to begin which never actually happened.  Called Federa, got aupport person Emma who always seems to be the person answering calls.  She said the bank cancelled the auction.  However this keeps happening.  There was another property where I was waiting to participate in the auction, the counter reached zero and it says live auction will begin soon, again nothing ever happened.  I navigated away from this property to browse others, when I came back to this property it said LAST PRICE: $245000.00.  I called and of course Emma answered again and said there was a "system glitch".  This is always the answer they give to anything.  I've never seen ANY auction begin when the countdown reached zero.  Now I'm trying to get my money back, transferred back into my bank. They say this can take 30 days, yet I see complaints on BBB and the App Store for Google and Apple where people have not gotten their money back yet even after several months.

I have contacted my bank and they said you have 60 days to file a dispute from the date of your DEPOSIT not the time you request the transfer back into your bank.  Since the 30 day refund policy will still be within my 60 days the bank said wait the 30 days for the refund and if it is not refunded come back and fill out an affidavit for the dispute.

I also was able to speak to a realtor on Zillow about a property he listed for them for auction.  He said he no longer will list properties from them as there are missing details and words regarding the property.  On BBB (Better Business Bureau) an agent states he never got his commission.

It is always some form of excuse with these people.  Bottom line, initiate the transfer of funds from Federa back into your bank account and contact your bank immediately to initiate a dispute.

If anyone actually got to partake in an auction or got their money transferred back into their bank, I'd like to hear from you.  @Marc Shin @Pancham G.

Louis Rivera · Answer

Howard have your recieved your deposit back from Federa.com? This has to be a scam!!!!! they are advertising properties and setting there auctions on the same date as the county auction. everything about there site is vaggue. They are using Ai to generate responses over text.

@Howard Neidigundefined

Pancham G. · Answer

@Marc Shin have you tried using them? Anyone else?

Matthew Raby · Answer

I haven't used them yet. I came here looking for answers as well. @Marc Shin have you tried using them yet? Any hurdles or was it fairly straight forward?

Sarah Eloise · Answer

Federa | Buy, Sell, & Rent Homes is the best site for real estate for my opinion.I found a lot of services there that I couldn't find anywhere else. I was looking to buy a house as soon as possible. I went to Federa's website and found SmartBuy DIY where I did by myself every process from start to finish. And the most important thing after this process was that I got 2% cashback. I will always use it and I will recommend it to my close people.

Terry Braun · Answer

I have used Federa for a couple years now. They have always beat my expectations! I dont only buy foreclosures through them I use them to make offers on standard listings also. Really I have no idea why anyone would buy or sell with any other company..