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| *Ostroff, Fair and Company>>>Renting & Real Estate |
Is there any way to prove that the auctioneer that handled the auction in which I bought my house told...? |
...the person that was bidding against me how much I could bid up to? First of all, I live in a town of about 600 people...everyone knows eachother. I got approved for a loan from our local bank, which, by the way, the person that handles the loans is also friends with the auctioneer. I planned on bidding up to $50,000, and the bank person knew that. The day of the auction, I had the bid at $23,000 because the person bidding against me dropped out of the bidding. The person that was bidding against me was also friends with the auctioneer. They called a break. Then the auctioneer had the person that had been bidding against me follow him inside the house. I saw him do this. They came out a few minutes later. The auctioneer and the person bidding against me, who had just minutes later dropped from the bidding, started bidding again...and I was damn determined to get this house so I stayed in. The bid was $50,000 when they stopped bidding finally. COINCIDENCE? The auctioneer could lose their license for that, and I would certainly report it to the state authorities. The law states that once you have stopped bidding, you are OUT of the bidding process...you can't pick it back up later. People don't realize that auctions are a legal process and it is regulated. I have been to a ton of auctions, and the rule of thumb, you do NOT call a break mid-bidding. I would be less concerned about a issue with the prices and ask yourself this, are you happy with the price you paid? If so, fine, you "might" have gotten a better deal but you still got your home for a price you could afford and a price you were willing to spend. Don't focus on a potential wrong or you will ruin the house for yourself, focus on your new pride and joy! Congrats! Unless you heard it, how could you prove it? I would let it go, and move in and enjoy it. If you got it at an auction, you hopefully got a really good deal. And just think... some people pay $50K for a car... so just think of how much better a home is! Enjoy!! Congratulations on the purchase of your new home! |
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