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Old 18-06-2007, 12:25 PM
Andrew - Alpha Andrew - Alpha is offline
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Join Date: Apr 2007
Posts: 26
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Hi EasyGerman,

From my personal experience first in finance and then more recently in the property sector any firm that only has an email address in its contact section is to be avoided like the plague. If you look at the websites for any respectable company they will have office addresses and phone numbers. Without these it makes it very difficult for you to take any action if they take you for a property they don't actually own or have the right to sell.

Yes, you are right the notary would stop you from completing on a sale like this but that’s not until after you've paid you x% auction fee. I don't know this firm but given what you’re saying and looking at their anonymous website I think you’re probably correct about the nature of this operation.

You should always check to auctioneers right to sell the property (they will be empowered by a notary contract, letter form German financial institution etc) before bidding at auction. P.s. This documentation is easy for a legitimate operation to show.

Hope this helps you.

Kind regards,
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