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Updated about 6 years ago on . Most recent reply

User Stats

19
Posts
11
Votes
Sergio Baerga
  • Carolina, Puerto Rico
11
Votes |
19
Posts

Highest bid on a Xome.com auction (Confused)

Sergio Baerga
  • Carolina, Puerto Rico
Posted

Good day bigger pockets, 

I recently Bid on a property and apparently won on xome.com. 

I met the reserve and received this email. 

"Dear Sergio,

You are the Highest Bidder ................. at $52,500.00

, plus an additional $2,625.00 for Buyer's Premium.



Here is some helpful information to help you get the transaction moving forward. Please contact us with any questions at................

Please complete the Purchase Agreement and gather your supporting documents to send to us. Please log on at www.Xome.com and complete the Purchase Agreement required to move this transaction forward.

The Purchase Agreement is to be completed within 24 hours (1 calendar day).

You can access the Purchase Agreement by clicking this link:
Complete Purchase Agreement "

After completing the purchase agreement I called them and have been in communication with the asset manager of xome.com (the person that customer service sends me to)   and also the realtor (who doesn't seem interested in knowing anything thats going on, as she doesn't know and has never dealt with Xome. Apparently there is a glitch in the system and nothing has been generated. Apparently neither side knows what is going on. The realtor put the property up for sale as of today, and I am in the dark. 

Can anyone shine some light as to how I should go about this? Is this website legit? Do they have to honor the sale due to the fact that I signed the purchase agreement and have been in contact trying to pay cash since the first day?

Any light shined would be greatly appreciated as I do not know where to go from here or where to start to see if I can purchase this property. 

Most Popular Reply

User Stats

19
Posts
11
Votes
Sergio Baerga
  • Carolina, Puerto Rico
11
Votes |
19
Posts
Sergio Baerga
  • Carolina, Puerto Rico
Replied

Follow up!  Property is mine. Xome took a while but I bought a property that is currently being sold for $115,000 to $125,000  for $52,000. 

Thanks for the input and help at first I had a lot of doubts and but its set also with title insurance. :)  

God bless 

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