Ebay Real Estate Auctions

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has anyone had any experience bidding or buying on real estate listed on ebay? how did it go?

i often see unimproved land for sale listed on ebay even in such prime markets as beverly hills and malibu areas, and occasionally even a home in los angeles county for auction/buy it now.

have bought cars on ebay before with no big issues but doubt i'd ever buy real estate on there cuz of clear title concerns!

[Paul B.]

I have a coworker who has bought two investment properties he found on craigslist and swears there are deals to be had, although he buys in more depressed areas that I personally would be very reluctant to get into.

Don't know anyone who's used an ebay auction though. I've seen a lot of "too good to be true deals" on there and it just has a suspicious vibe to it.  Also I believe the vacant land offers are sometimes a scam or located on unbuildable land.  

Curious to hear what others have to say on this...