Sneaky tactics by online auction company.

[Raimel Diaz]

 Good morning BP. 

 Just wanted to share my  experience lately using auctiondotcom.  The past few weeks I’ve been looking at properties that I’ve been interested on that web page. Ended up finding a few of them that I was interested.  Obviously after doing my homework on each of those properties I settled on one and decided  to submit and offer.  The next day auctiondotcom calls me  to asked a few questions regarding the property I was the highest bidder on  (I said sure). 

Representative: We see that you are the highest offer on the property and would like to see if you would submit another offer to get closer to the reserved price? 

Me: No, why would I do that I am the highest offer? Why would I want to  inflate the price of the house?

representative:  We courage our bitters to get closer to the  reserve price so the seller will consider your offer. Also  what was the reason you offer that amount?

Me: Because the property needs a good amount of work. All mayor components need to be replace and also that‘s  where we are comfortable at bidding.

Representative: What’s going to be your final offer? Just so we can update our system.

Now, I’m pretty sure that auctiondotcom or any other online auction company has the rights/authorization to submit counter offers on behalf of the seller(in this case the bank). By me giving them that information wouldn’t they try to squeeze a counter bid to my higher offer to see if I bid one more time?

Another property I had on my saved assets they even asked me to bid on it since I had not bid yet. I explained to them that I will bid the property when the time is right.

Has anyone experienced anything like this with this company or any other? I have purchased properties through other auction websites and never had them call me asking me those questions or  telling me to bid on the property.