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#5
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I would imagine that the Probate court has some type of appraisal for a higher amount - I think the ad said $200K and therefore won't allow the reserve of $200 to be lifted.
Probate/Estate law is very strict on the preservation of estate assets. I'd guess that the court may now be reassessing what the "appraised value" now is since the car only bid to $170K at an open auction. |