Carmel Valley Auction

[Coronita]

Folks. I have an interesting update. Again, I'm hearing this second hand because I didn't attend the entire auction. But folks that I talked to that stayed to the end found out the following thing peculiar.

 

It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder's failed ID checks, and so there they ended up in the second highest bidder.

Second, in the auctions, it appears the prices quicly shot up to in the first few seconds of opening bid. So…

 

A few of us were just speculating. What if all the bidders weren't real buyers, but in fact people that either worked for the auction house and/or the Heights? I mean, the concept would be no different from say an ebay seller that also doubles up as a buyer and bids up the price of his/her own auction.

Anyway, I don't have proof, and perhaps this is more conspiracy theory-ish. But it just seemed unusual that the auction prices shot up so quickly, and then a some of the auctions failed to close to the highest bidder because out of all things, the ID of the bidder didn't match what was one file.

I was also told a fire marshal came in and say there isn't enough room for everyone and that non-serious bidders should leave, but I missed that.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[TheBreeze]

It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder’s failed ID checks, and so there they ended up in the second highest bidder.

Interesting. Hey, we all know that many buyers during the bubble fraudulently misstated their income. It wouldn’t surprise me if there was fraud in these auctions as well.

This is one of the reasons I wouldn’t consider buying a house today even if I wanted to: Too much fraud still in the system.

[TheBreeze]

It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder’s failed ID checks, and so there they ended up in the second highest bidder.

Interesting. Hey, we all know that many buyers during the bubble fraudulently misstated their income. It wouldn’t surprise me if there was fraud in these auctions as well.

This is one of the reasons I wouldn’t consider buying a house today even if I wanted to: Too much fraud still in the system.

[TheBreeze]

It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder’s failed ID checks, and so there they ended up in the second highest bidder.

Interesting. Hey, we all know that many buyers during the bubble fraudulently misstated their income. It wouldn’t surprise me if there was fraud in these auctions as well.

This is one of the reasons I wouldn’t consider buying a house today even if I wanted to: Too much fraud still in the system.

[TheBreeze]

It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder’s failed ID checks, and so there they ended up in the second highest bidder.

Interesting. Hey, we all know that many buyers during the bubble fraudulently misstated their income. It wouldn’t surprise me if there was fraud in these auctions as well.

This is one of the reasons I wouldn’t consider buying a house today even if I wanted to: Too much fraud still in the system.

[TheBreeze]

It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder’s failed ID checks, and so there they ended up in the second highest bidder.

Interesting. Hey, we all know that many buyers during the bubble fraudulently misstated their income. It wouldn’t surprise me if there was fraud in these auctions as well.

This is one of the reasons I wouldn’t consider buying a house today even if I wanted to: Too much fraud still in the system.

[Coronita]

I'm going to snoop around to see what other things I can find out. Apparently, a lot more people that I know who I thought wouldn't have attended did.. I'd be curious to see what their perspective was too.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I'm going to snoop around to see what other things I can find out. Apparently, a lot more people that I know who I thought wouldn't have attended did.. I'd be curious to see what their perspective was too.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I'm going to snoop around to see what other things I can find out. Apparently, a lot more people that I know who I thought wouldn't have attended did.. I'd be curious to see what their perspective was too.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I'm going to snoop around to see what other things I can find out. Apparently, a lot more people that I know who I thought wouldn't have attended did.. I'd be curious to see what their perspective was too.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I'm going to snoop around to see what other things I can find out. Apparently, a lot more people that I know who I thought wouldn't have attended did.. I'd be curious to see what their perspective was too.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[patientlywaiting]

Read the fine print. The autioneer is allowed to have people bit up the prices and bid against you. Plus even if you win the bid, the seller is not obligated to sell.

Watch the MLS next month. I’m willing to bet that there’ll be listings of the condos that “fell out of escrow.”

Same thing happened with the other REDC autions.

[patientlywaiting]

Read the fine print. The autioneer is allowed to have people bit up the prices and bid against you. Plus even if you win the bid, the seller is not obligated to sell.

Watch the MLS next month. I’m willing to bet that there’ll be listings of the condos that “fell out of escrow.”

Same thing happened with the other REDC autions.

[patientlywaiting]

Read the fine print. The autioneer is allowed to have people bit up the prices and bid against you. Plus even if you win the bid, the seller is not obligated to sell.

Watch the MLS next month. I’m willing to bet that there’ll be listings of the condos that “fell out of escrow.”

Same thing happened with the other REDC autions.

[patientlywaiting]

Read the fine print. The autioneer is allowed to have people bit up the prices and bid against you. Plus even if you win the bid, the seller is not obligated to sell.

Watch the MLS next month. I’m willing to bet that there’ll be listings of the condos that “fell out of escrow.”

Same thing happened with the other REDC autions.

[Author]

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