Quote:
Originally Posted by speedracing944
The old couple bought the house by auction 1 year ago. This place has been up for sale/auction 3 times in 3 years. They bought the house thinking they would be able to sell thier other home on the river very quickly. Thier other house never sold and they put tons of time and money into this farm house. They are going to truly loose thier buts on the deal because the market is real bad here right now. This place sold for $190K 2 years ago and $210K last year and now they can't even get people to offer $165K for the place.
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I feel less sympathy for the "old couple" then when I read your first post -- it sounds like they were "speculating" in the "hot" real estate market and got burned.
The auctioneer still sounds like a jerk.
The auction probably should have started with an opening bid of about $20,000 -- that would have caused everyone's adrenaline to start pumping as they all jumped on the bid thinking that they might get themselves a fantastic deal.