Dec. 26, 2008 - More Information on Auctions

In October of 2007 I wrote about Home Auctions and how to go about it and what to watch out for.  If you missed that post you can read it here.  This morning I read another article that concerned me and so wanted to give a heads up.  I will do the link for the whole article but in a nut shell.  A suit has been filed in California on behalf of three people who claim deceptive advertising practices, and at the closing table a whole bunch of fees and other types of service fee's.  This was in California but that does not mean it is not happening in Nevada.  Read the whole article here  .  Just another reminder of read everything, ask many questions.  Ask to see the paperwork you will be signing should you have the winning bid.  Auctions can be a good deal for buyers but it is BuyersBeware.