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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Sale Protocol Posted by Travis-CA on June 02, 2003 at 9:03 PM In Reply to: 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 Lug, I don't know the legal aspects of that, I assume it is ok though, because I have been attending the sales here in O.C./L.A. counties in CA for the last few weeks, and in one sale a bidder had forgotten his Drivers License (which the auctioneer required to qualify) so the sale was delayed 15 mins for him to go get the license to qualify. My guess is the trustee can delay the sale for whatever reason, especially if it means to allow more bidders into the bidding, after all they want the property bid up as high as possible. I dont know the legality of that, just mentioning that I witnessed a similar situation. Travis Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : 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 : Lug, : I don't know the legal aspects of that, I assume it is ok though, because I have been attending the sales here in O.C./L.A. counties in CA for the last few weeks, and in one sale a bidder had forgotten his Drivers License (which the auctioneer required to qualify) so the sale was delayed 15 mins for him to go get the license to qualify. My guess is the trustee can delay the sale for whatever reason, especially if it means to allow more bidders into the bidding, after all they want the property bid up as high as possible. I dont know the legality of that, just mentioning that I witnessed a similar situation. : : Travis Optional Link URL: Link Title: Optional Image URL: [ 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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