I was the high bidder for a property at auction, but the trustee said they would not allow time to get additional funds from a local bank. I only carried $41k to the sale, but my high bid was $45,700. I needed to go to the bank and get another $4700 to complete the deal. However, the trustee said she was forced to pull the property because of my lack of funds. The property was a duplex worth $85 - 90k retail.
I feel very bad about this. Thought I'd let folks know - carry your full bid amount!!! No wiggle room with some of these trustees!