Bid4assets.com is not a trustable place to make bid

Complaints to Bid4assets.com

I was a participant for Alameda County Tax Defaulted

Property Auction which was held on Mar. 20 and 21 ,

2007. 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!

Andy Mian

____________________________________________________________________________________

8:00? 8:25? 8:40? Find a flick in no time

with the Yahoo! Search movie showtime shortcut.

http://tools.search.yahoo.com/shortcuts/#news