I just got a phone call this morning saying the storage renter has paid their fee yesterday, I won the auction last night. Is this possible? I thought once it went on auction they lost their unit.
Hi Jonathanhawley123,
The tenant always has the opportunity to pay for their unit once it goes up for auction. The tenant must be given legal lien notice of the auction by the facility. By law whoever brings the money to the facility first is the owner of the unit.
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So why should a buyer even bid, if all a facility has to say is the tenant paid when they don’t get what they want for the unit?
And don’t forget to mention they buyer will have to wait for a refund of the buyers fee…
They can still pay it if they don’t get near what was asked for I believe. Therefore try to figure me a lien auction as they’ve lost the unit by then. That’s how I read it earlier anyway
One way to solve that is to pay the minute you win with a card.