May 9th......the sale was to start promptly at 11:15 A.M. - I zoomed into the town of Rockville, Maryland - Montgomery County to conduct my only scheduled Foreclosure Auction that day. I didn't realize it then but this one would be a little different.......
As I walked around the corner to the front of the Courthouse, I noticed a crowd of around 30 people. WOW, For the past couple of months almost NO one has showed to any of the sales. The first thing I did was look down at the advertisement (the contract) to see the date of the Deed of Trust....2003 with a $38,000 Deposit. Well...this may have a chance. 30 people....this is GOING to sell! The Bank is going to be happy, the attorney is going to be happy and I can go to lunch!
I checked deposits and began reading the ad aloud demanding attention from all those attending. As I solicited the first bid of $380,000 I noticed a lady to my left, visibly stressed. Immediately my gut feeling told me this was the owner. heads immediately nodded and I quickly began the bid calling...385,390,395, who'll give 400......
Bidders stopped and started, heads turned, looked down and up, phones were being dialed, and the steady climb continued with the "Cries" from this Professional Auctioneer.
Mentally I was working for the attorney who was in turn working for the lender.....I on the other hand...felt that tug inside to get everything I could for the lady starring at me.........wondering what was to come of her home. I knew what was owed, I knew the fees that were accrued for late and NO payments. We were beyond that and more. Although I could never help repair her credit, I knew she has the opportunity for a second chance with the money she may receive after this sale ratifies and settles.....405, 410,415,420,430,440 then I broke the bidding down to thousand dollar increments......her eyes were tearing up......the bidding ended at $443,000.
In a matter of less than 10 minutes, I made several people happy....the Bank, the Attorney, The Bidder....but none really gave me more joy than when the owner walked over to me after the sale....extended her hand....and in a broken voice said, "Thank You". Everyday I remember why I got into this business, this is just one glimpse into my day.
Thanks for the happy ending for what very well could have been a very sad story. I never even paused to think that auctioneers could have a heart. I thought that it was just a job. Thank you for your side of the story.