Buyers Beware —Request additional $$$ over winning bid
I won a bid for a vehicle then was contacted by Tom from Maltz who stated that the bank would not accept my winning bid. Never heard of this before. He then stated that there was a counter offer from the bank for an additional $1300 and if I don’t accept the car would be returned to auction and the contract void. At that point I decided to make my own counter offer which Tom said was presented to the bank and rejected. It was either I take the new price requested by the bank or the contract be canceled and the vehicle returned to auction. Maltz required me to pay and addition $1300 to complete the transaction.