Is it really happening??
16 days ago
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x-posted , update! omg !! is this really happening?
Comments (15)Oh, Kimberly, that's absolutely wonderful news!!! Now when all the financing prayers are answered also, that will be even better! Your name is still on a sticky-note on my monitor . . . I won't take it down till all is in place, including financing!! I'm guessing you're not close enough to Nashville for me to come to your party . . . darn! Arlene...See Moreread it in the paper so I know it really happened (joke)
Comments (2)Ha ha ha! Poor kid must be used to having a deadbeat ladder!...See MoreShilled at a RE auction...does this still really happen?
Comments (22)While this is unfortunate I am not sure that there is either a conflict of interest or a shill. First, the auctioneer doesn't have a duty to bidders, so the disclosure of a related party bidding would need to be made to the seller as that is where the conflict of interest would lie. There really is not a need to tell the other bidders that legitimate bids are being made by someone who marketed the property. As for the shill, typically a shill works for the seller and not the auctioneer. The bids they place are not usually dummy bids, they are actual bids. The shill is an agent for the seller who attempts to do two things, (1) drive up the price of the bids, and (2) keep auctions from selling too low if there is not a reserve. The seller will pay an agent to bid on his behalf, if the shill wins the bid the funds are provided to the bidder by the seller, the shill then completes the sale. Essentially, you are buying your own stuff. An auction company doing this would be far too exposed. The highest auction fees I have seen on real property are 7% of bid so the auction company would be risking buying a house at $50,000 just to get $420 more fees, it simply isn't worth it. Shilling is really popular in online auctions where users create multiple accounts. I would suspect that most high dollar items sold on ebay without a reserve are ran up by a shill. As for the auctioneer, if this were not real property you can claim that you had a verbal contract when the offer of $42,000 was accepted by the seller, but real property doesn't allow verbal contracts and it would be a stretch anyway. Auctioneers are agents for the seller, and like all agents they have some leeway in the performance of their duty. I have seen an auctioneer at a real property absolute auction stop the auction, yell at the bidders and storm off for 30 minutes, (specifically he said something along the lines of, "you bunch of tight wadded sons of b#%@^s need to go get your wallets out of your wife's purse and learn to raise your damned hand, cause this house ain't going to go at this price.") While unusual as long as the other person actually buys the property, there is nothing really unethical about it, and pausing an auction to give people time to stew is done quite often. Until he bangs the gavel and says sold...it is an open auction....See MoreThis really happens?!! How long does it take to install new counters?
Comments (22)I used to be a construction lender and there's various titles that they use like coordinator etc.. One of my clients, a non profit, built their center and they paid $200K to a consultant for 8 months just to be there and watch everything. This was built in 2000 so that was a big chunk of change. One of the GCs that I hired on this kitchen remodel worked part time for $100K just to oversee a new home build for a guy from out of state. He was hired based on 11 yrs of being a city structural engineer before going out in his own. His qualifications still meant diddle as he quit my job one day after signing a contract with me because he didn't know how to deal with my city on a repiping dispute over the concrete slab. When I built my last home, despite custom from a large builder, I had to be onsite for an hour every day to force them to fix sloppy work. In addition, I had to clean up after work every day because of all the food and trash they throw in the wall studs....See More- 16 days ago
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