[5-DayForum] Sanford, MI 5-Day Sale -- Going to Contract

[Brenda Mangente]

stupid question for you...what's an "undisclosed reserve?"  Is it basically
a minimum amount that buyer's cannot bid below?

On 8/2/07, Mark Conway <sanford5daysale at yahoo.com> wrote:
>
>  Brenda,
>
> If there's an undisclosed reserve, all of the prospective buyers would
> have known that at the outset of the 5-Day Sale. I would have stated that
> fact in my advertising just as is done on eBay, for instance. It's my
> personal view that omitting that disclosure up front is deceptive
> advertising in an ad that states "Home will be Sold Sunday Night to HIGHEST
> BIDDER".
>
> Regards,
>
> Mark Conway
>
> ------------------------------
> Park yourself in front of a world of choices in alternative vehicles.
> Visit the Yahoo! Auto Green Center.<http://us.rd.yahoo.com/evt=48246/*http://autos.yahoo.com/green_center/;_ylc=X3oDMTE5cDF2bXZzBF9TAzk3MTA3MDc2BHNlYwNtYWlsdGFncwRzbGsDZ3JlZW4tY2VudGVy>
>
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