This area, deposit amount, usually 10% of expected sale price has to be deposited in form of cashiers check with the auctioneer BEFORE the start of the sale as a condition of bidding. Unsuccessful bidders are given their check back after sale. This lady needed an attorney a month ago. Here in the upper mid-west, auctions tend to sell things well for the owner. Some other places, not so well. A person needs to know their market. Any real estate deal, money should be in bank before keys are handed over. When I bought my current place, I needed to move before we could possibly close on the deal. Convinced the seller to rent for two months, cash upfront, house was empty anyway so it wasn't a big deal to them. Yes it cost me a bit more, but was better than living in a snow bank!
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Today's Featured Article - Tractors and the City Boy - by Ken. A few years back I came to the conclusion that city life wasn�t for me. The houses so close together you could hear the neighbors fight, traffic so heavy speed limit signs meant nothing. So I started looking for the ultimate country setting. After many months I found the perfect place, off the beaten path, up a private � mile drive, old stone house which has stood the test of time, out buildings which haven�t stood the test of time, trees, birds, rabbits, and snakes. This is the place! Bought
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