There should be terms printed on the sale bill and the auctioneer should have taken the deposit when they signed the papers for the sales agreement. If no money was received and a deposit was specified the is no sales agreement - basic part of contract law. The fact they have started work before closing puts the current owner in an extremely powerful negotiating position - the buyers have just lost everything they've done.
I went through something similar a few years ago, the realestate woman agreed to a sale on a house and didn't collect the $2000 earnest money I had made as part of signing any sales agreement. She went on and on about how they were good people and she knew them and it wasn't an issue, reluctantly I agreed and signed. The day before closing they called and said they had changed their mind. The saleswoman was pretty shocked and I was pretty &%^#ed off. Found out she was holding out on me, there was another buyer she hadn't told me about and he signed his sales agreement that day, for a higher price than the first couple - and he paid the earnest money. Apparently she was trying to help out the first couple and for screwing me in the process (holding back the competing offer) they screwed her over by backing out of the deal.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
