By: Paul (Moderators; 69191)
Posted on: 06-10-2005 14:49.
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...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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