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Another buyer backs out of a deal.
The deal seemed like a dream, 20 competitive bids in a 10 day span, a posh address, and a who's who of neighbors. In a story right out of the front pages of today's economic reality the seller needed the money to pay the mortgage, not quite a short sale but maybe a distressed property.
I'm not sure of all the particulars but the winning bidder simply canceled with a simple written statement "I am awfully sorry but I need to cancel this because of the paying problem".
Even the dead are victims of the economy. When the ebay auction ended the occupied crypt above Marilyn Monroe had apparently sold for a whopping $4,602,100. At roughly 8 feet deep and 3 feet high that is some price/square foot.
I guess Richard will have to stay put for now while the other bidders are given the chance to make good on their bids.
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