The Auction of the Century... (almost)...
This doesn't embrace the pure sense of the thread, but imagine if it had come to pass:
Some time ago, one of our long-term tenants (a consistent payer on a 10X40 non-climate controlled unit) went delinquent and was not seen or heard from in nearly two months. During this time, we attempted dozens of contacts, searched obituaries, and even googled him to find relatives or friends. I had that familiar gut feeling that told me that all was not right with this situation, so even though I had the certified letter in hand, I did not include his unit in the published auction ad or even cut the lock per our normal schedule of lien activities. Remarkably, on the VERY DAY I finally sharpened up the bolt cutters for entry, he appeared at my desk and GLADLY, WITHOUT QUESTION, paid over $900 (including all statutory and lien fees) in cash to redeem his property. He explained that he had been in the hospital out-of-state and could not reach anyone locally to manage his affairs. He was extraordinarily grateful for our patience...
After he paid, I went back with him to remove the overlock. He opened to door to reveal two vehicles: A Lamborghini Diablo and a 1969 Chevrolet RS Camaro...
I guess the former managers failed to mention the "value limitation" clause in our lease agreement!
John Roser
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