I just attended the REDC auction at Sun City AZ and as an auctioneer myself I considered it shameful. Blasting music for no purpose but to disorient people. Bids went through the roof. One property after another was "re-sold". One re-sold 3 times before I got disgusted and left. When a worthless ghetto property I had inspected "sold" for as much as desirable properties, it became obvious the "sales" were fake.
The game seems to be calling sham bids and sham sales until some sucker is seduced to make a REAL bid. If that REAL bid is over the secret reserve, that sucker is stuck with the deal. This so-called auction is loaded against the buyer.
Weeks after the AZ auction, REDC is trying on April 2 to "re-sell" 370+ properties that have "come back on the auction block". Yeah right!
REDC runs a shameless scam. I don't think their disclaimer that the auctioneer can bid for the seller relieves them from the fraudulent nature of these auctions. I would like to see some Attorneys General take an interest because these so_called auctions are misleading vulnerable people. Only vulnerable people will be taken in by this dog and pony show. An informed investor will not be fooled.
Stay away from REDC Auctions. Not only will you NOT find a good deal, you will be assaulted by deafening noise and have your time wasted.
