I won!

[1775usmarine]

And here I thought you won the new INGO ban contest.

 

[WebSnyper]

Now you gotta name the estate.

Mgderf Manor?

 

[Mgderf]

Well, this is embarrassing, and infuriating... .
The auction company had not called .e by noon, so I called them asking about payment.
I was told, although I had the highest bid, there was a reserve that has not been met, so the property did not sell!
There was no mention of it reserve on the mobile page I was using.
Auction company said the property was going to relist as a private sale, with a reserve price of more than 6 figures OVER high bid.

They had 85 bids on this property in a full month of open bidding and the high bid, my high bid, on reached $215k.
Now they say they are going to list it with a starting asking price of $350k.

I have no words to describe how I feel today

 

[DoggyDaddy]

Well, this is embarrassing, and infuriating... .
The auction company had not called .e by noon, so I called them asking about payment.
I was told, although I had the highest bid, there was a reserve that has not been met, so the property did not sell!
There was no mention of it reserve on the mobile page I was using.
Auction company said the property was going to relist as a private sale, with a reserve price of more than 6 figures OVER high bid.

They had 85 bids on this property in a full month of open bidding and the high bid, my high bid, on reached $215k.
Now they say they are going to list it with a starting asking price of $350k.

I have no words to describe how I feel today

Man, that sounds shady as hell Mgderf! I'm so sorry this happened to you. I wonder if there's any legal action that could be taken to make them sell it to you at the agreed upon price since the auction site didn't mention a reserve.

 

[Mgderf]

Man, that sounds shady as hell Mgderf! I'm so sorry this happened to you. I wonder if there's any legal action that could be taken to make them sell it to you at the agreed upon price since the auction site didn't mention a reserve.

They claim it was listed on the web site
The mobile app I used made no mention of a reserve.

 

[DoggyDaddy]

They claim it was listed on the web site
The mobile app I used made no mention of a reserve.

No way to go back and get a screen grab of what you saw on the mobile app I guess?

 

[d.kaufman]

So.....No party?

Sorry about your luck. Wasn't meant to be and, at least sometimes, it turns out for the better.

Hopefully you'll find something even better in the near future

 

[Cameramonkey]

I'm sorry man. That really sucks.

 

[model1994]

Auction company said the property was going to relist as a private sale, with a reserve price of more than 6 figures OVER high bid.

They had 85 bids on this property in a full month of open bidding and the high bid, my high bid, on reached $215k.
Now they say they are going to list it with a starting asking price of $350k.

I have no words to describe how I feel today

auction company should at least buy you dinner first

 

[Itchytriggerfinger]

Sorry to hear that. I lost out on a piece of property last year too after I thought everything was locked up. Turns out a handshake isn't worth what they used to be. He actually sold it for less than we agreed on to a buddy.

 

[BJHay]

My wife and I spent more than planned on our property. That was 25 years ago. It's worked out great and we're very happy we did. The extra money is long forgotten but I suppose it could have gone either way.

 

[MrSmitty]

Wow ! that sounds great!! Congrats!!! Till I read the rest of the post...Sorry man, that sucks pond water, Prayers from all of us for a good outcome!!!

 

[BiscuitsandGravy]

Keep an eye on it... If someone ponies up $350k then it wasn't meant to be. If everyone else walks away and your financing is all setup... money talks, bs walks...

 

[KG1]

Man, I hate to see you got a raw deal there Mgderf. You seem like a good guy that had something going there for you. Keep your head up and carry on. Adapt and overcome.

 

[Mgderf]

Keep an eye on it... If someone ponies up $350k then it wasn't meant to be. If everyone else walks away and your financing is all setup... money talks, bs walks...

I emailed the auction company and told them that my CASH offer would stand for 30 days.

 

[Mgderf]

Something weird is going on.
I just looked at the closed auction page and it now reads, " price realized, not uploaded".
Wtf?
I think I got robbed

 

[BiscuitsandGravy]

I emailed the auction company and told them that my CASH offer would stand for 30 days.

Keep bugging the Auction Co. but not too much. Next question to them... "What did the seller say when you told them I had cash"?

 

[BiscuitsandGravy]

Something weird is going on.
I just looked at the closed auction page and it now reads, " price realized, not uploaded".
Wtf?
I think I got robbed

Yea. WTF? They got their $350K?

 

[KG1]

Something weird is going on.
I just looked at the closed auction page and it now reads, " price realized, not uploaded".
Wtf?
I think I got robbed

Does that mean it was sold but not to you?

 

[Mgderf]

Does that mean it was sold but not to you?

Kind of what it sounds like to me.
I sat on that auction watching every second tick off for the last 18 minutes.
My bid was the only bid during that time, and held the "high bid" status on the auction page through the time of closing.