I was a participant for Alameda County Tax Defaulted
Property Auction which was held on Mar. 20 and 21,
2008. The auction was hosted by Bid4assets.com. I own
the Auction for a parcel of land in Livermore, CA for
over $800, 000. As instructed by Bid4assets.com, I
immediately wired the full payment for the auction
property to Bid4assets.com’s bank account. However,
immediately after they received the full payment, I
received a phone call from a lady from Alameda County
Tax Collector. She told me that the sale has to be
canceled since there was an error due to the county.
The auction supposed to be the final sale, how can it
happen? She also told me that the money will be
refunded by the county and I have to wait..
I immediately called Bid4assets.com and talked to
their Senior VP and the person who was in charging the
tax sale for Counties. Believe or not, the person in
Bid4assets.com said there is no cancel any auction and
he talked with the County everyday. I asked him to
contact with the County to verify this canceling of
the my winning bid, he refused and told me that no
matter what, my money will be sent to the county. Then
he handed up the phone, very unprofessional.
I just cannot believe what he was saying. Since the
auction hosted on the bid4assets.com was a fake one,
the seller has nothing to sell to me, I told them that
I own the county nothing since they did not sell to me
anything, the bid4Assets.com has no right to send any
of my funds at their company to the fake auction
seller. I also requested them to send my fund directly
to me instead of illegally transfer to a known fake
auction seller.
Assume if Ebay has known that seller was selling
nothing on Ebay, would Ebay-Papal send the payments
from the Buyer to the known fake auction seller? OC,
no, this is a very common sense. I just cannot believe
that the bid4assets.com will do something like this. I
understand that by doing such illegal money transfer,
they could make a lot of money from the auction
commissions.. However, can they really do this kind of
“wire fraud” to get the commissions?
Never ever put a big bet on Bid4Assets.com, they are
just a group of people making money from the bidders
by Fraud. Bid4assets.com never care about their
customer’s money, they only care about their
commissions! Until today, they still have not return
my email after they have verified with the county that
the auction was canceled by the county. I cannot
believe such a poor company can gain business from the
government. I am going to work on this and make sure
more and more people know how bad this bid4assets.com
is!

To Kevin: I have never used bid 4 assets just checking them out today I saw your response to the original complaint. I have been following a few properties and doing the due diligence on 2 of them one of them I actually called a real estate company to help me with the transaction an was told the house can not be occupied and never has been. There was Mortgage Fraud committed on the entire development and due to the fight between the builder and the power company there was never power run to any of the homes. So to run power to that home would run about $200k because of how far it has to be run. So far the bids are up to over 5k on a house that according to the city has a non occupy and condemned status on the house. So you see they are offering homes they know are not habitable to me that is fraud. I also checked on one in Ohio and it was almost the exact same thing back taxes liens from utilities and even a fight in probate court. How can you offer a home for sale that is in the middle of probate court. This is not a good way to invest money. And see I can spell!!

To Jesse 7312: I have never used bid 4 assets just checking them out today I saw your response to the original complaint. I have been following a few properties and doing the due diligence on 2 of them one of them I actually called a real estate company to help me with the transaction an was told the house can not be occupied and never has been. There was Mortgage Fraud committed on the entire development and due to the fight between the builder and the power company there was never power run to any of the homes. So to run power to that home would run about $200k because of how far it has to be run. So far the bids are up to over 5k on a house that according to the city has a non occupy and condemned status on the house. So you see they are offering homes they know are not habitable to me that is fraud. I also checked on one in Ohio and it was almost the exact same thing back taxes liens from utilities and even a fight in probate court. How can you offer a home for sale that is in the middle of probate court. This is not a good way to invest money. And see I can spell!!