Leave a Review Federa Home
Scam- do yourself a favor don’t download this app
I wanted to give a negative star if I can....On October 3, 2023, I deposited $5000 to Federa, Inc to be able to enter an online auction but I did not win. Federa Inc was holding the deposit since and during this time, it never initiated any notification in any format to inform me that I need to request the refund through their APP manually.
Upon realizing I never got the refund back, I requested the refund on June 8, 2024 through their APP but I have not received anything yet. There have been multiple emails from Federa, Inc confirmed they are working on the refund and they used different excuses to keep delaying the refund. One of the reasons they use is to prevent money laundering. WTH who is the one really money laundrying here or use customer's deposit to earn "free interest" ??? Also just to be aware they ask your SSN when you requesting the fund for no reason. I am disputing the charge with my bank now and will report this to FBI.Show lessCasey Shi
No wonder people say it’s scammy
Trying to see “current” bid of a house crosZ L-isted On another website. Downloaded app tried to register; code required…failed to send code multiple times. 👎 people call this a scam and it’s easy to see why when basic functionality doesn’t work. (Waiting for a reply of …contact our support or failure to find my info response)Show lessDrixDrax
Developer Response
We apologize for the inconvenience you experienced while trying to register and check the current bid of a house. We understand how frustrating it can be when things don't work as expected. Please contact us at support@federa.com so we can assist you in resolving this issue promptly. Thank you for bringing this to our attention. We appreciate your patience and look forward to resolving this for you.Beware! Scam!
Beware! This place is a scam! I deposited 5K to bid on a property and when I didn’t win I initiated to transfer out the money back to my bank account but with no luck. They say it takes 30 days to show in your bank which is a lie. My bank said no transfer has been initiated and for example even the IRS was able to transfer money to my account in 3 days but this scam supposedly needs 30 days. Well read other reviews, they say they didn’t get the money after more than a month. I will be disputing the transaction with my bank. On top of it all of their auctions are a scam too, people bided pretty high amounts for an occupied problematic property with liens but even the top bidder didn’t win - they say “reserve not met”. And his bid was close to the market price for this property if it was to sell with no issues at all. And on all of their past auctions it says reserve not met. Now the interesting part - this reserve is a secret amount that no one knows therefore you can bid as much as you want and they will tell you at the end reserve not met even though you won the bid. This makes no sense because if these were real auctions and there was a reserve that needs to be met it would have been listed as a starting bid price - otherwise what’s the point of 132 bids that doesn’t matter because they are not reaching this reserve??? Total scam - it’s made just to tempt you to bid and to take your deposit but no real auction is happening.Show lessEllie26789404
Developer Response
Thank you for taking the time to leave us a review. We're very sorry to hear about the trouble you're experiencing. Unfortunately, we've been unable to locate your information in our system, which could be due to a variety of reasons. To help us better assist you, could you please reach out to our support team directly at support@federa.com? We would like to clarify some aspects of our auction process as well. We've closed on multiple auction properties, and it's important to note that we don't set the reserve price—the seller does. Our auction listings are delivered with clear title and don't have liens, as stated in our policies. It's common in auctions that the reserve price isn't disclosed until the auction ends. If you are the top bidder and your bid meets the reserve price, the property goes under contract. If the reserve price is not met, the auction ends with a notice that the reserve was not met. We have no control over what people bid or what the seller selects as their reserve price.