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![]() By: Paul (Moderators; 64804) Posted on: 06-10-2005 14:49. Client: Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.7.8) Gecko/20050511 Firefox/1.0.4 IP: Logged Message views: 1573 (Score: 0) ...it's like a 'closed auction' but if it gets triggered the seller has to produce a copy of the written offer that exceeded your original offer. In my case, we offered at $350k, and had an escalation clause @ $1k increments for up to $360k. Soooooo glad that didn't happen.
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