[RPPTL-constructionlaw] Request for Expert Names

[Jeff Price]

I have a curious case (are there any others?) in which I need an expert to
opine on how auctions of real property work in Florida. 

 

The basic facts are that there was a Seller who sold four adjoining
beach-view condominiums at a no-reserve auction.

There were 37 registered bidders.

Each unit was sold separately; in other words, each unit was put up for
auction after the previous one. 

Prior to the sale of the first unit, the Seller signed a document permitting
the auction to start.

After the first unit was auctioned and the bidding closed on that unit, the
Seller was required to sign a document accepting the sale price of the unit.

He was then required to sign another document to allow the second unit to
proceed to auction. 

This was repeated for each unit until all four were auctioned off.

 

The auction company is not being sued and did nothing wrong.

 

Years later, the Seller claimed in a lawsuit that he did not receive full
value at the auctions because neighbors did something dastardly on the day
of the auction that "chilled" the auction bidding; they put up for sale
signs on their property hoping to attract buyers who might not have won at
auction, but still wanted property in the development. The auctioneer has
stated that he knew of the signs prior to the start of the auction. The
Seller has testified that he knew of the signs prior to the start of the
auction. The auctioneer has testified that such sign are a usual occurrence
because homeowners, realtors and brokers see the advertising for the auction
and attempt to piggyback on the traffic.  

 

What I need is a person who has knowledge of real property auctions, how
they work, what the atmosphere is like, what the results usually are and the
vagaries of the process. Anybody have a suggestion? 

 

As long as they hold a Florida Auction license, or have sold Florida
property I am good with them. Preference would be if they have sold
beachfront property or large, upscale properties.

 

Thank you. 

You can respond directly to jeff at npw-law.com so as to not bore the other
members.

 

Jeffrey L. Price, Atty.
Florida Bar Board Certified in Construction Law
 <http://npw-law.com> http://npw-law.com

 

Niesen|Price|Worthy|Campo|Frasier&Blakey, PA
5216 SW 91st Dr., Gainesville, FL 32608
Ph 352 373-9031   Fax 352 373-9099
 
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