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#1 |
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Join Date: Apr 2009
Location: most places
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That's exactly why I didn't go. Was concerned there would be some shady S#it. Complete b.s. for the people that traveled there. No one was supposed to be able to do anything prior to the sale. I would never consider attending anything this company ever did in the future.
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Billy Leber 1150 SS, 1050 SG, 1962 STK, 185 SC |
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#2 |
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Join Date: Jan 2024
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Hello,
First of all I'd like to start this off by saying I'm John's son. I found this forum poking around google trying to find anymore info on the estate sale I could find. Scott, thank you for being there & detailing exactly what went down that morning. But I would like to highlight a few things. First being that our lawyer reached out to us about the offer from Elite Towing the day before the sale. Our lawyer informed us that the trustee didn't find it to be a good idea to accept the offer. The bank was asking the buyer to provide a guarantee from his bank stating that sufficient funds were on hand. Sadly we missed the deadline to respond to this email by 4 PM. My sister and I both work full time and saw the email late. I still chimed in saying I would of declined the offer. My thinking was the estate already paid for the prep for the sale. Might as well go through with it. Plus I know ALOT of people were traveling and just excited to go through my fathers collection. At no point the morning of the sale were we contacted about weighing in on the decision to accept the offer from Elite Towing. Like I said previously we would have much rather had the sale be open to everyone that showed up early & were excited to look through the collection. But we are not the singular beneficiaries. Due to a really messy situation another party is also involved. They very well may have been the "family" that gave the okay on the sale. |
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#3 |
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Join Date: Nov 2007
Location: New Jersey
Posts: 2,628
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well there is clearly much more to this story and the reason for the auction. My experience tells me than when a trustee is involved there is a foreclosure and or bankruptcy in play. So the players are a trustee, a bank and another party, all who forced and controlled this auction.
Last edited by 1320racer; 01-15-2024 at 01:50 PM. |
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#4 | |
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Join Date: Mar 2007
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Hi John. Thanks for coming on here and bringing some clarity to this deal. Secondly i would like to express my condolences for the loss of your father. I did not know your dad personally but i did know of his racing. He raced down here in Florida at the Gatornationals for many years. I had several friends that raced the same combo as your dad and they competed for class bragging rights. He was a tough competitor and his car was fast. I really enjoyed watching the video of his collection leading up to the sale. He had a cool collection of cars and parts from a long career of racing in stock and super stock. I am not so different from your dad. I have a large shop that I keep my racing stuff. I do most of the work on my car myself and have lots of tools and equipment. I have things up in my loft that I have had since i was in my teens and 20's. I have to tell you my stuff is nowhere near the collection your dad had amassed over the years. I was actually thinking about your dad when i was out in my shop this weekend working on my car to get ready for the up coming season. I am 65 years old and dont have too many more years left to race I actually think you came out much better taking the single buyer deal than you would have selling piece by piece to numerous buyers. If indeed the single buyer paid 400K for the entire lot. Best of luck and I hope you get some closure to what seems to be a difficult situation.
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Mike Pearson 2485 SS |
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