Buyer beware at auction sale

Re: 'Lawsuit challenges real estate auctions' (June 17)

Dear Editor:

I am glad to see someone taking action against this sales process. Additionally, (some real estate auction companies) require that the consumer pay the marketing fees normally charged to the lender or seller, including sales commissions. And a buyer's agent is not compensated at a level to assume the liability associated with representing the buyer.

It isn't even as fair as buying a used car. The buyer should beware, and the agencies selling these properties should have to disclose that buyers may, in fact, pay above market value, pay fees they would not have to pay if purchasing a similar property at resale, and may not receive proper disclosure!

Veronica Hicks
Condos etc.
Newport Beach, Calif.

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