OT/"Gazumping" coming to vintage cards soon

[JustinD]

Originally Posted by 1952boyntoncollector

happens in the housing market all the time

Sounds like only with the usual ridiculous British law.

I work in mortgage and as long as the buyer and seller have a halfway reasonable executed Purchase Agreement, you are pretty darn safe if you had a decent lawyer or title company review it. However, I have seen crazies that try to made the biggest purchase of their life on a handshake and it does not often turn out well.

If someone tried to back out of a PA on me for a higher offer while I am in process, they would pay me more than than they thought they were making.

[Exhibitman]

The question always comes down to money: if the item is worth enough it is worth getting an injunction to stop the sale pending a specific performance lawsuit. If not, there isn't jack to be done.

As for card deals, it is a sad reality that contract interference is commonplace with cards sold on eBay, and that is indeed why I never post a pending deal.

IMHO it is very bad etiquette to back out of a partially done deal and deserves a public outing on boards like this at the very least.