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Updated about 4 years ago,

User Stats

16
Posts
1
Votes
Ahmed Nijim
  • Flipper/Rehabber
  • Philadelphia, PA
1
Votes |
16
Posts

Auction.com cancelled my bid

Ahmed Nijim
  • Flipper/Rehabber
  • Philadelphia, PA
Posted

I have won the bid on a property At auction.com the bid amount was 93000 and the reserved was met , I got the property under contact for 93000 I wired the title company the deposit which is 5% and after one month of waiting for them to close on the property .

auction.com called me telling me that the bank is no longer the owner for that property and they want to cancel my contract and give me my money back .

I never faced anything like that before.

my question is do I qualify for any compensation, since they cancelled my bid and the reserve have been met.

or we should what should I do in this case?

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