An auction is a method of sale used to sell a product (house, car, boat, comic book collectibles…) to the highest bidder. A house auction can be a sale option in place of a traditional real estate listing, or it can be conducted by a bank or mortgage company after a foreclosure. Federal, state and tax regulations apply to auctions. Learn more about different types of auctions here.
Is it legal to raffle or lottery off your home? You'll have to do the research for your particular state, but most likely, selling a home through a raffle or lottery is illegal.
Wondering how to auction a home? A reader is thinking of auctioning off his home to avoid the hassle of continually having it in showcase condition. Here's how to go about finding a good company to assist with the home auction.
Working with a reputable auction house is the best way to go about selling valuable items. The auction house can appraise the collection and the seller can decide how to go about selling the items.
The Internet is full of scams that sound too good to be true. Learn about some common Internet scams involving credit cards, health care, investments, online auctions and more. Some Internet scams also involve fraudulent telephone charges. Learn how to discover an Internet scam and who to report it to.
If you have problems with an online auction transaction, you have several options for resolving them. First contact the auction site directly. If that is not successful, then you should contact the BBB or FTC commission to file a complaint about the auction site.