Report: #415807

Complaint Review: REDC Auction

  • Submitted: Sat, January 24, 2009
  • Updated: Wed, July 28, 2010
  • Reported By: Dallas Texas
  • REDC Auction

REDC Auction Lender Foreclose Auction Scam Dallas Texas Internet

*UPDATE Employee: REDC Scam

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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.

Dallas, Texas

This report was posted on Ripoff Report on 01/24/2009 06:44 PM and is a permanent record located here: The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 UPDATE Employee


AUTHOR: Help - (USA)

I would be happy to look up your file to clarify this particular situation.  You may email  Clearly this is not a normal conclusion to one of our auctions.  Nevertheless, you received your earnest money back. 

There's a reason we have sold more than $6 Billion of foreclosed properties since 2007.  Trust.
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