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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: DROP BIDS, Posted by Bob on November 23, 2009 at 9:33 AM In Reply to: DROP BIDS, posted by VeniceRob on November 23, 2009 at 8:12 AM : : Is the practice of drop bids when they are only disclosed 5 minutes before the sale, legal ? Maybe it should be clearly advertised to everyone ? : Anyway in Phoenix it is under investigation check out this link. : http://www.azcentral.com/arizonarepublic/news/articles/2009/11/22/20091122dropbid1122.html?ref=patrick.net Brillant. Now they want to give the homeowner that caused the problem an indirect incentive to make the home worth less so they can reacquire the property at a lowest possible price. Often lenders drop bids based heavily on the poor condition of the property due to deferred maintenance. Bob Follow Ups: Re: DROP BIDS, Paul 10:01 PM, 11/23/09 (2) Re: DROP BIDS, Bob 11:33 PM, 11/23/09 (1) Re: DROP BIDS, Paul 9:32 AM, 11/24/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : : Is the practice of drop bids when they are only disclosed 5 minutes before the sale, legal ? Maybe it should be clearly advertised to everyone ? : : Anyway in Phoenix it is under investigation check out this link. : : http://www.azcentral.com/arizonarepublic/news/articles/2009/11/22/20091122dropbid1122.html?ref=patrick.net : : Brillant. Now they want to give the homeowner that caused the problem an indirect incentive to make the home worth less so they can reacquire the property at a lowest possible price. Often lenders drop bids based heavily on the poor condition of the property due to deferred maintenance. : Bob [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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