Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Henry Fidel
  • Chicago, IL
0
Votes |
3
Posts

Sheriff Sale Auctioneer "Recalled" Auction After I Won Property!

Henry Fidel
  • Chicago, IL
Posted

Earlier this week I attended a Sheriff Sale. There were three properties up for sale, one of which was cancelled. I was the only bidder present in the room when the auction started (the Plaintiff's attorney was also present in the room). Note: the auction was scheduled at 1:00PM and the auctioneer started the auction at 1:01PM.

The property that I wanted to bid on was up second (after the listing that was cancelled). The opening bid was $40,000. I bid $1 over and the auctioneer announced that I was the winner ("going once, twice, sold"). The auctioneer then requested my cashier's check and moved on to the third property. Once the auction for the third property concluded (there were no bidders), the auctioneer requested my ID and contact information. About 3-4 minutes later (around 1:10 pm), while I was still writing my contact information (I needed to write it twice (the attorney also needed the information)) another individual walked into the room and indicated that he was interested in the property that I won. Surprisingly, the auctioneer asked the Plaintiff's attorney if she wanted to "recall the listing." I was stunned! The Plaintiff's attorney asked that the new bidder be given an opportunity to bid on the property that I won. She essentially voided my transaction and started the auction process over. Ultimately, I was the highest bidder, but at $51,000 (as opposed to $40,001).

Do I have any potential claims against the Plaintiff's attorney? It appears that we had a contract that the Plaintiff's attorney breached.

Most Popular Reply

User Stats

23,418
Posts
13,509
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Against the attorney, no. The attorney/bank weren’t really part of the Procedure.....it’s the sheriff’s office. I would have raised objections before the “re do” though. Never heard of such a thing.....tough to fight local customs though.

Loading replies...