Ignoramus15919 wrote:

On 2011-05-04, Jon Elson wrote:
On 05/04/2011 08:04 AM, Ignoramus15919 wrote:

Anyway, after two weeks or so, I got this email from the auction
company:

``The seller has notified us that they are needing something closer
to $107,000.00 for this property. Is there any way you can come
up to
this amount? Please let me know how you wish to proceed.
Thanks!''

Sounds like fraudulent business practices to me. If you want the house,
I'd file a complaint with the attorney general's office.

If they simply rejected your bid, that might be legit. But, to come
back and ask for more money, that is clear fraud in my opinion (not a
LEGAL opinion, for sure.)

I would not call it above board, myself, but at the same time, it is
not illegal and is in accordance with the auction terms. It is a shady
practice, however.
Well, I am not a lawyer, but to advertise for bids, and then reject the bid
and ask for more, may, in fact, be illegal. The bid is a "contract". They
have this out written into the contract, but I think it would be considered
a deceptive marketing practice to reject the contract and then ask for
more. You might call the BBB and see what they say about it.

Jon