Janet Wickell over at About.com has written up a very good article on whether online auction sales are actually legally binding... ---There seems to be a fair amount of bidding taking place in the real estate auction sections of eBay and other similar online auction companies. Some sellers are taking bids for a downpayment, with the intention of owner-financing the property after the auction closes. For some auctions, your bid becomes the first payment in a lease-option agreement. Other...Read Full Story
Online real estate auctions are picking up in consumer demand. But how can you avoid a scam? Track and discuss trends in online real estate auction sites,services, and prices.