REDC Auction Lender Foreclose Auction Scam Dallas Texas Internet

Attended auction in December 2008 and won bid. Put down earnest money and signed contract. Called title company in two weeks and no signed contract by seller. Called back in 3 weeks no signed contract from seller. Title company called and verbally stated that they had confirmation we won bid from seller.

One week later, Title company called back and informed me that the title shows house was in another name than seller. Called seller and they had no record of house being sold. Went by house and someone had moved in. They stated they bought house in December 2008. However, their name was not the same name as on title. Requested and received earnest money back.

REDC distorted the truth about their intensions to sell me the home. They were still trying to sell the home after the auction even though they had accepted my earnest money and intent to buy. Don't waste your time at there auction. Something is not right with this company.

Henry09
Dallas, Texas
U.S.A.