Auction.com, how can the site automatically bid against me??
Ok, so auction.com says- and I quote..... "ADC may counter bid on behalf of Seller on any Property up to the amount of the Reserve Price"
How is that legal, isn't that like a realtor saying they have other offers when they really don't have any. I'm curious to know how can this site make a "fake" bid just to push the price up on a house. They start the opening bid super low, then set a reserve super high in our area, Hampton Roads.... This seems illegal to me. Please tell me if I'm wrong about this....?????