Auction.com Online Home Auction Bidding

Ten-X, LLC provides an online real estate marketplace allows people to buy and sell commercial and residential real estate properties online using desktop and mobile technology. Ten-X, LLC was formerly known as Auction.com, LLC and changed its name to Ten-X, LLC in January 2016. The company was founded in 1990 and is based in Irvine, California.

Auction.com features information and properties that fall into two different categories – Bank owned properties (foreclosed / REO), and foreclosure properties (properties that are currently in foreclosure proceedings). The buying process for each property type is unique.

Bank owned property bidding process

Create Free Account – Save your favorite properties, get customized alerts, receive notifications of upcoming auctions and more!

Browse Properties – Find a great deal by viewing thousands of bank-owned properties in your area.

Register for Auction – Register to bid with just a few simple steps. Repeat buyers can register in one click.

Auction Begins – Bid on your desired property. Check in often, especially near the end of the auction, to see if the bidding goes into an overtime period.

Win the Auction – If you are the highest bidder and meet the Reserve Price, or minimum that the seller will accept, you’ll be the winning bidder.

Provide Documentation – Once you’re the winning bidder, you’ll sign the purchase agreement (which should list us as your buyers agent / broker for your 1.5% rebate), wire your earnest money and provide proof of funds.

Closing, Escrow & Title – You will work closely with contract and closing representatives who will walk you through every step of the way.

Gain Possession – Congratulations on your purchase! Whether you are a flipper, landlord or home owner, the property is now legally yours.

Steps to buying Foreclosure properties

Create Free  Account  – Save your favorite properties, gain access to important data, receive customized alerts and much more.

Browse Properties – View hundreds of foreclosure properties at auctions near you.

Select property – Save properties that interest you and receive real-time alerts on applicable foreclosures.

Conduct due diligence – Review the data on the property details page, estimate the value & renovation costs, order a title report and investigate the property & neighborhood.

Attend auction – Research the venue, check to see if the property is cleared for sale and bring your payment.

Win property – Congratulations! Now, you have to provide government identification and pay for the property.

Obtain grant deed – After you purchase the property, contact the county to record the deed. Do not enter the property, even if it’s vacant, until you have your grant deed.

Gain Possession – You did it! You gained ownership! Now you can start renovating and before you know it, you’ll be reaping the rewards of your hard work.