Would-be homebuyers looking to get a great deal claim an online auction site is collecting large deposits then holding the money for months even after the company promised a refund.“A lot of people are very frustrated,” said Brij Gakhar of Winter Springs.The website Federa claims to handle online auctions, many of them on foreclosure properties. To bid you have put deposits down. Often the required deposits are $10,000 or more.
Jeff Deal is a Consumer Investigative Reporter at Action 9. He focuses on consumer interest and rights, particularly in the realms of construction and real estate. Jeff's work has been featured in Yahoo News, WFTV, and WSOC-TV Eyewitness News.














