Title issues are also frequent. Like in the case where there are liens on the car that the buyer is unaware of until after the purchase. It can create a lot of legal trouble.
I heard about an auction where a buyer bought a luxury car. Later, it turned out that the car had unpaid liens on it. The previous owner had some financial issues and the auction company didn't properly check. So the new owner had to go through a lot of legal hassle to clear the title.
In some house auctions, there are bidding wars that get out of hand. For example, a couple got so caught up in the heat of the moment during an auction that they bid far more than their budget. They ended up in a lot of debt and financial stress.
Maybe there was a case where during the Cranbury Auction, there was some sort of bidding fraud. For example, a group of bidders colluded to keep the prices low and pushed out legitimate bidders. The honest bidder who really wanted the item was left disappointed and felt cheated by the whole process. It was a nightmare for them as they had been looking forward to getting that particular item through the auction.
One horror story is when a person's heirloom jewelry was sold in a lost luggage auction without proper notice. The owner had been desperately searching for their luggage which got lost during a flight transfer. They were heartbroken to find out it was sold, and they had no way to get it back as the auction process didn't have a proper system to identify the rightful owner in such cases.
Well, in some foreclosure auction horror stories, people discover that there are liens on the property they just bought at auction. This means unexpected financial burdens. For example, a person bought a house at auction, only to find out later that there was a large unpaid tax lien on it. He had to pay a huge amount of money on top of what he had already spent on the auction.
Story 1: I was driving alone at night on a desolate road. Suddenly, my car made a strange noise and then just died. I was in the middle of nowhere with no cell signal. It was pitch - dark and every little sound outside the car made me jump. I had to wait for hours until a passing truck finally stopped. It was a terrifying experience.
One horror story is when a family was wrongly evicted from their home due to a foreclosure auction mix - up. The bank sold the property without properly verifying the foreclosure process was complete. They lost all their belongings and had to fight for months to get back in.
One horror story could be getting sold a car with a lot of hidden mechanical problems. The dealer promised it was in great shape, but after a few days, the engine started making strange noises and it turned out there were issues with the transmission too. Cost a fortune to fix.
One horror story is when people get stuck with extremely high interest rates. They thought they were getting a good deal but later realized they're paying way more than the car is worth in the long run. For example, a friend of mine was offered a 20% interest rate on a used car loan. He didn't read the fine print carefully and now he's struggling to make the payments each month.