[manitobafarmin]

Wondering if u guys have any advice..so we bought an item off of ritchie bros on that last monster sale in nisku...lets just say we got it for a smoking deal...long story short, they called us a week later saying that the item has a lien against it, and that they will reimburse our money (30k)...i smelled a rat, and we did some investigating, lawyer told us the lien was payed off the week following the sale..meanwhile the seller apparently raised a fuss with Ritchie,saying that they werent supposed to sell it till next sale,etc....and in turn they somehow managed to drive it off the lot, without the release ticket.. the item has been payed for, we have a bill of sale, tod document and it is currently registered to OUR company if you look it up on the canada database...our lawyer says to get the truck, and the cops say they are not getting involved....ritchie has stopped answering our calls..they did send a cheque but we havent cashed it...because we dont know how to proceed...should we take the money and run? Or do we have a case to obtain the item somehow? Shouldnt ritchie be accountable if they dropped the ball? Any advice would help....

 

[lanwickum]

No idea on legal advice. Richie messed up.
It did have a lien on it during the sale. It should not have been sold. If it were me I would let them buy it back. I would also let them know you are not happy to sell it back. Tough position. It can and does happen.

 

[ScottysHog]

Tell them you want a duck up fee of 12%

 

[tswanson]

I'd cash the cheque and forget about it. It sounds like Ritchies's isn't in possession of it anymore? It's just a big headache I'd avoid. Who knows what shape it will be in if you ever actually get possession of it.

 

[meskie]

Sounds like the seller didn’t get what he thought it was worth and now is mad. If it’s in your name you own it.

Or let them buy it back for more then you paid.

 

[joesixpack]

Ah who needs the stress, put the cheque in your account and carry on.

 

[meritmat2]

Ah who needs the stress, put the cheque in your account and carry on.

Then ***** about it on this message board.

That’s always my fall back

 

[dumbfarmer]

They can’t legally sell it unless it’s free and clear. Put your own lien on it ASAP

 

[New_Farmer]

Absolutely should be compensated over and above what you paid.
You bought item legally, it’s registered in your name. You have some legal fees. You made plans to use the item after legally acquiring it. You bought others tools/equipment to support the use of this item after you legally purchased it. You now lost time and suffered economic hardship from not being able to take possession of this item, etc etc.

 

[dumbfarmer]

As soon as Ritchies sent you a invoice you have legal right to place interest in it. Get your lawyer on it ASAP

There whole business has me wondering lately

 

[oldguy48]

Sounds like it is going to be a lot of stress for a truck. As a friend once said to me, maybe this situation happened for a reason, there will be another truck. There is life after this deal. We all have enough stress on things we can't control without going looking for it. Cash the cheque, remember the event and continue on.

 

[wetfarmer]

If you enjoy this kind of thing have some fun with it and get some money out of the deal. If it just stresses you out cash the cheque. I'd at least ask for more money.

 

[Twix]

I am sure if you read the fine print, everything is in Richie Bros favor.

As a minimium they should cover your costs to register it and any insurance premium lost.

You do have to be careful as technically you bought it with a lien on it, as it was not paid off yet. That could come back to eat up more lawyer $$ if you proceed.

 

[dumbfarmer]

I am sure if you read the fine print, everything is in Richie Bros favor.

As a minimium they should cover your costs to register it and any insurance premium lost.

You do have to be careful as technically you bought it with a lien on it, as it was not paid off yet. That could come back to eat up more lawyer $$ if you proceed.

You buy everything free and clear at Ritchies! It’s the law.
And if your farm has a GSA out on it which technically everyone’s farm has if you have a line of credit. Your bank has interest in that piece you just paid Ritchies for too.
Ritchies can say anything they want or try to push you around but they have very little to stand on once they invoice you. Stand your ground

 

[joesixpack]

The original lien is going to take president. It was never Ritche’s to sell! They returned his money! End of story.

 

[manitobafarmin]

So why did Ritchies not do their research and check the serial number before they put it on auction block? That seems like a pretty big mistake on their part

 

[Twix]

I would imagine the seller signed the paperwork indicating there was no lien and that probably gives RB the legal fallback.

 

[white owl]

when there is so much admin and handlers involved mistakes happen, make sure they know they owe you one,
every business has these messes lately, some a lot worse than this

 

[mkfarms]

Ritchie brothers is the biggest bunch of crooks in the auction game and now this online b s has just given them a licence to print money. I couldn’t be bothered to even register for their sales anymore, if they don’t meet their reserve it just goes to another sale. Last time I tried to buy something off rb suddenly at 2-3am 2 bidding numbers mysteriously ran the item up for couple minutes then never bid again. U had the fortune of getting a deal to bad for them, if the item would of went for 2x 3x times what u bid I’m pretty sure the seller would not of said oh sorry there’s a lean. This deal stinks typical rb

 

[dumbfarmer]

I would imagine the seller signed the paperwork indicating there was no lien and that probably gives RB the legal fallback.

There legally required to check everything. Just like your equipment dealers must check everything no matter what you tell them. This is part of the reason RB pulls stuff out of sales at last minute when they can’t get liens cleared.