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Sale Protocol

Posted by Lughead on June 02, 2003 at 8:24 PM

hello

a friend had an interesting experience at a sale - i was wondering of what occurred is 'according to hoyle' or not

he and one other bidder showed up -

after qualifying, the auctioneer received a call from the trustee to postpone the sale 10 minutes to wait for a bidder who had called the trustee saying that their bank was having trouble with their printer - ie delay in getting their check

the trustee also instructed the auctioneer to accept qualifications after the sale had started and even to allow bidders to pool their money together and re-qualify up until the time the property was pronounced 'sold'

the late show ended up with the property - - -

this whole thing sounds odd - different than any sale we have seen

any thoughts/ comments??
is this a violation of any civil code or are they free to run the sale as they wish?

thank you
Lughead


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