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February 12, 2012
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INTERACTIVE
Response To: Debs v. Coldwell Banker Attorneys Prepare to Square Off (Blanche Evans - 03/03/2000)

Indiana Broker says....
Posted By: dkvaughn - 03/03/2000 08:37 AM

Interesting! All offers, counter offers, bidding, etc. should ALWAYS be in writing!! If the Seller had accepted Debs bid, a signature as such should have been immediate! Sounds like the way the bidding was conducted resembles a closed auction. The participants were bidding against each other verbally but without being in each others presence to know 1st hand where their bid was. This invited trouble!
If the story does relay the events as they happened, I believe the Debs may in fact have recourse. Verbal offers and acceptances, even with good intentions, never should be practiced in contract law, i.e. real estate. The old expression: "If is isn't in writing, it does not count"!!


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