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  • February 22, 2010 at 6:02 PM #517659
    Hobie
    Participant

    “.. up to 350 cancellation fee… plus Web transaction fee.”

    Problem for me is you are dealing with a web co and maybe an agent of the co. with limited authority who may simply unlock and show you the property. If there are any problems with the transaction, escrow, seller, etc. you are still bound by the cancellation fee.

    GoHoming Site is only 4 mos old and linked with Altisourcehomes. Fails the gut test.

    Sorry Gomer, we here are very skeptical.

    February 22, 2010 at 7:52 PM #516763
    scaredyclassic
    Participant

    no cancellation fee for the UNTIMED auctions, which is the one I was bidding on.

    February 22, 2010 at 7:52 PM #516906
    scaredyclassic
    Participant

    no cancellation fee for the UNTIMED auctions, which is the one I was bidding on.

    February 22, 2010 at 7:52 PM #517341
    scaredyclassic
    Participant

    no cancellation fee for the UNTIMED auctions, which is the one I was bidding on.

    February 22, 2010 at 7:52 PM #517432
    scaredyclassic
    Participant

    no cancellation fee for the UNTIMED auctions, which is the one I was bidding on.

    February 22, 2010 at 7:52 PM #517684
    scaredyclassic
    Participant

    no cancellation fee for the UNTIMED auctions, which is the one I was bidding on.

    February 22, 2010 at 7:54 PM #516768
    scaredyclassic
    Participant

    no, i see, this website could be good, it’s not really an auction site, it’s more of a place to find potential buyers, figure about what they might be willing to pay, then sort throught he offers and negotiate. that’s not a bad thing. that’s for the no time limit auctions…

    February 22, 2010 at 7:54 PM #516911
    scaredyclassic
    Participant

    no, i see, this website could be good, it’s not really an auction site, it’s more of a place to find potential buyers, figure about what they might be willing to pay, then sort throught he offers and negotiate. that’s not a bad thing. that’s for the no time limit auctions…

    February 22, 2010 at 7:54 PM #517346
    scaredyclassic
    Participant

    no, i see, this website could be good, it’s not really an auction site, it’s more of a place to find potential buyers, figure about what they might be willing to pay, then sort throught he offers and negotiate. that’s not a bad thing. that’s for the no time limit auctions…

    February 22, 2010 at 7:54 PM #517437
    scaredyclassic
    Participant

    no, i see, this website could be good, it’s not really an auction site, it’s more of a place to find potential buyers, figure about what they might be willing to pay, then sort throught he offers and negotiate. that’s not a bad thing. that’s for the no time limit auctions…

    February 22, 2010 at 7:54 PM #517689
    scaredyclassic
    Participant

    no, i see, this website could be good, it’s not really an auction site, it’s more of a place to find potential buyers, figure about what they might be willing to pay, then sort throught he offers and negotiate. that’s not a bad thing. that’s for the no time limit auctions…

    April 28, 2010 at 12:49 PM #544543
    Anonymous
    Guest

    Penalties if don’t like terms

    Yes there seem to be no cancel fee on open bids for the “no time limit auctions,” which seems to be ALL of their auctions.

    The problem I see is if you are the winning bid you must execute “the Purchase Agreement,” under the terms and timing set by the Seller. What if the seller wants a 14 day close or something you can’t do? I don’t know if this is legal contract to enforce you to agree to something you haven’t seen the terms yet (in the Purchase Agreement).

    But if you don’t enter into that Purchase Agreement, then your earnest money/deposit (which I’m not sure has been paid yet) is forfeited and paid to gohoming/altisource. That is 1% of purchase price or 2K on a 200K house. Ouch. OK maybe this is how they make money?

    The User Agreement, which is very hard to read because the outline indentations have been flattened and it’s hard to tell which provisions apply to the “no time limit auctions.”

    April 28, 2010 at 12:49 PM #544658
    Anonymous
    Guest

    Penalties if don’t like terms

    Yes there seem to be no cancel fee on open bids for the “no time limit auctions,” which seems to be ALL of their auctions.

    The problem I see is if you are the winning bid you must execute “the Purchase Agreement,” under the terms and timing set by the Seller. What if the seller wants a 14 day close or something you can’t do? I don’t know if this is legal contract to enforce you to agree to something you haven’t seen the terms yet (in the Purchase Agreement).

    But if you don’t enter into that Purchase Agreement, then your earnest money/deposit (which I’m not sure has been paid yet) is forfeited and paid to gohoming/altisource. That is 1% of purchase price or 2K on a 200K house. Ouch. OK maybe this is how they make money?

    The User Agreement, which is very hard to read because the outline indentations have been flattened and it’s hard to tell which provisions apply to the “no time limit auctions.”

    April 28, 2010 at 12:49 PM #545136
    Anonymous
    Guest

    Penalties if don’t like terms

    Yes there seem to be no cancel fee on open bids for the “no time limit auctions,” which seems to be ALL of their auctions.

    The problem I see is if you are the winning bid you must execute “the Purchase Agreement,” under the terms and timing set by the Seller. What if the seller wants a 14 day close or something you can’t do? I don’t know if this is legal contract to enforce you to agree to something you haven’t seen the terms yet (in the Purchase Agreement).

    But if you don’t enter into that Purchase Agreement, then your earnest money/deposit (which I’m not sure has been paid yet) is forfeited and paid to gohoming/altisource. That is 1% of purchase price or 2K on a 200K house. Ouch. OK maybe this is how they make money?

    The User Agreement, which is very hard to read because the outline indentations have been flattened and it’s hard to tell which provisions apply to the “no time limit auctions.”

    April 28, 2010 at 12:49 PM #545233
    Anonymous
    Guest

    Penalties if don’t like terms

    Yes there seem to be no cancel fee on open bids for the “no time limit auctions,” which seems to be ALL of their auctions.

    The problem I see is if you are the winning bid you must execute “the Purchase Agreement,” under the terms and timing set by the Seller. What if the seller wants a 14 day close or something you can’t do? I don’t know if this is legal contract to enforce you to agree to something you haven’t seen the terms yet (in the Purchase Agreement).

    But if you don’t enter into that Purchase Agreement, then your earnest money/deposit (which I’m not sure has been paid yet) is forfeited and paid to gohoming/altisource. That is 1% of purchase price or 2K on a 200K house. Ouch. OK maybe this is how they make money?

    The User Agreement, which is very hard to read because the outline indentations have been flattened and it’s hard to tell which provisions apply to the “no time limit auctions.”

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