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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Trustee sales are final.... Posted by Ward-CA- on July 15, 2003 at 6:14 PM In Reply to: jumpers at sales posted by investor on July 14, 2003 at 6:29 PM : It appears that some bidders will bid on a property only if they see another person bidding or if they see many people bidding, then they will start bidding. At times it appears that they do not even know what they are bidding on. In some cases I have seen bidders buy manufactured homes and severly damaged homes and not know it. Often times they will be bid up by a person that knows the property in an attempt to totally burn the jumper. If a bidder gets a terrible deal, are they able to back out of it? I was under the impression that that was totally unacceptable and it should be. Can they be barred from sale site. Los Angeles sale sites. ============== In CA all trustee sales are final. They are not cancellable. One is supposed to know everything about the property before they bid. So if they assume the risk of bidding blindly they have no one to blame except themselves. What are you referring to as being unacceptable?? Follow Ups: Re: Trustee sales are final.... James Rinker 4:21 PM, 07/16/03 (0) Re: Trustee sales are final.... investor 7:54 PM, 07/15/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : It appears that some bidders will bid on a property only if they see another person bidding or if they see many people bidding, then they will start bidding. At times it appears that they do not even know what they are bidding on. In some cases I have seen bidders buy manufactured homes and severly damaged homes and not know it. Often times they will be bid up by a person that knows the property in an attempt to totally burn the jumper. If a bidder gets a terrible deal, are they able to back out of it? I was under the impression that that was totally unacceptable and it should be. Can they be barred from sale site. Los Angeles sale sites. : ============== : In CA all trustee sales are final. They are not cancellable. One is supposed to know everything about the property before they bid. So if they assume the risk of bidding blindly they have no one to blame except themselves. : What are you referring to as being unacceptable?? 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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