Auction.Com, Wells Fargo winning bid, but not accepted

[Joe Pitrolo]

I am the winning bidder on a good deal with Auction.com. I get all the paper work in quickly along with a $2500 deposit. I liquidate some funds from my brokerage account to show proof of funds and wait on Wells Fargo to approve my offer. So after waiting almost 4 weeks, not ever worrying that they would reject my contract after I won the bid, they reject my offer and say they will begin to refund my deposit.  What a joke. I've purchased 2 good deals on auction.com, so I'm not sure who to blame, auction.com or Wells Fargo. Either way, this is a big disappointment and has really tied me up financially for the time being. I sincerely doubt I will get any interest on my funds and I'm sure the contract is bullet proof not in my favor. Before this, I would highly recommend Auction.com