Legal Question in Business Law in California

real estate auction

Hi, my father was the highest bidder on two properties at the williams & williams auction. In a few days he got call on both the properties that they have been rejected. Upon following up we found that one of the properties was sold via auction. Not sure how can they bring on a hidden bid while my father was the highest bidder. Meanwhile the auction cashed the check on the other property. Upon enquiring they said that they will refund us the money. I will like to know where do we stand on this issue. I think the auction is just playing games and needs to be taught a lesson. Will appreciate your response. Thank you


Asked on 5/01/09, 6:23 pm

2 Answers from Attorneys
Deborah Barron Barron Law Corporation

Re: real estate auction

There may be fraud involved. I would have to know a little more about the advance representations made regarding this auction and how they explained it would work. Were these foreclosed, bank owned homes? The fact that they told your father he was the highest bidder on two properties but the bids were rejected might mean that all bids had to be approved by a third party, perhaps a bank?

Yours,

Law Offices of Deborah Barron

1750 Montgomery St., San Francisco, CA 94111

Read more
Answered on 5/01/09, 6:48 pm
Robert F. Cohen Law Office of Robert F. Cohen

Re: real estate auction

I agree with Ms. Barron that, of course, the terms of the auction must be reviewed before a lawsuit is filed. It sounds somewhat fishy, inasmuch as one would think that, as long as your father had the funds to purchase the properties, he should be the new owner.

Read more
Answered on 5/01/09, 10:19 pm


Related Questions & Answers

More Business Law questions and answers in California