How does auction.com really work?

[Youdo Thirakul]

I've heard mix stuff about auction.com. Just curious if anyone have done deals there and what's the outcome and how it work. 

[Jay Hinrichs]

it works.. you put up 2500.00 deposit to bid.. if you are the successful bidder EM is usually 3 to 10k per property.. then its a normal escrow.

although sales are as is.. so make sure before you put up your EM and bid deposit that your sure you want to buy it.

I would say 95%of the deals are pretty much retail.. and about 5% are decent deals .. so you really have to watch it and scour the site to make a decent score.