Lake Lanier Topics: Unless Things Have Changed

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	Name:	Feb -
	Subject:	Unless Things Have Changed
	Date:	7/26/2006 5:38:07 PM

There is no bidding war. It is done by sealed bids. You have to bid an amount above $2,000.00. When the envelopes are opened, the highest bid amount wins. It the top bid is $20,000.00 and there is another bid for $7,000.00 - then the high bid amount wins it for exactly $20,000.00. The winner and the winning amount is the top bidder at the top bid amount at the exact time of bid opening. In other words, there is no auctioning.