Ushomeauction.com is this to good to be true?

Question

where do you find legit auctions?

Answer 1

This is not a scam.  They have 400 houses for sale at a big auction.  These are bank repo's that have been for sale for over 6 months without an offer.  THeir ads are a bit misleading.  They say that you can buy a house for $1,000 minimum bid.  You can not do that.  Not one house sold at the last Phoenix USHOMEAUCTION for $1,000.   The houses all sold for apx 60% of the previous loan amount.  Since that old loan was inflated, this 60% price was not very attractive.  3,000 people showed up to bid on the 400 houses.  Most paid too much.  None of my low bids was accepted./

Answer 2

eBay.