- Report: #536301
Complaint Review: REDC Auction - Internet
Reported By:
Doug -
Bronx, New York, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
REDC Auction
Internet, United States of America
Phone:
Web:
www.redcgroup.com
Categories:
Business Rating:
(0)
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REDC Auction ARC Development Sham Auction, Internet
I had the highest bid in a REDC auction in Riverdale NY. After taking my deposit of approximately $80,000, they informed me that had 7 days to back out. Two weeks later, they said the seller had declined my "offer".
I am still waiting to get my money back.
1 Updates & Rebuttals
Auction.com Help
Irvine,California,
USA
REDC Scam
#2UPDATE Employee
Wed, July 28, 2010
I am confident your earnest money was returned. At the time of your report, perhaps it had not been due to the timing. The money is held in a trust account that a third party company has access to- REDC does not. I'd be happy to look up your file if you will send me your complete name and the property address that you were interested in so that I can verify this. [email protected]
There is a reason REDC has sold more than $6+ Billion of foreclosed properties since 2007. Trust.
http://auction.com/REDC-Scam.php
