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