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More Than One Bid
Chapter: BIDDING
RichD
Does anyone know if there is any kind of a rule that says you can't put more then one tender in on the same property?
lonewolfsek
you are only allowed to submit one tender
Frank
If I were conducting the sale and had two bids that I thought were from the same bidders under this kind of scenario - and the high bid was frustrated in favour of the lower one, I would immediately cancel the sale. The deposit on the high bid would have to be returned of course. The secret to pulling this off would be to have two bids in different names from different addresses, etc..
Net result of course is that since no one else wanted it for the difference in price, you could go in with one bid on the second sale and presumably get it for less than you were going to pay on the first one. Talk about a win-win.
I wouldn't waste my time on such a plot.
My point was simply that it can legally be done, but if found out you will suffer the wrath of the tax collector.
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