Namejet and Fabulous take back sold domain after 80 days

[Erdy]

Fabulous takes back a domain 80 days after it was sold at namejet.

1) 13 October 2010, a domain registered at fabulous expires *
2) 14 November 2010, 32 days later after expiry the domain goes to pre-release auction at namejet. *
3) 17 November 2010, DNF member michaelp wins the auction
4) 3 February 2011 michaelp receives an email from namejet, saying the following:

We regret to inform you that a domain you recently purchased through a pre-release auction has been cancelled by the registrar of record, as allowed by the NameJet Agreement. We are not provided with specific details and therefore do not have any further information to provide.

As a result of this Registrar request, we will be refunding the entire auction fee and removing the domain from your account within the next few days. Please be assured that this is a rare occurrence, and we do apologize for the inconvenience.

Domain: (name removed)
Order: (number removed) Pending Reversal
Auction Fee Credit:$69.00

If you need further details and explanation of the process, please see the NameJet Terms of Use, towards the end of Section 4:
http://www.namejet.com/Pages/terms.aspx?page=NameJet Terms of Use

Should you have any questions or need technical support assistance, please visit our Support Center found under the HELP / Support Center link. Our staff is available 24 hours a day, seven days a week.

Thank you for your NameJet participation. We do appreciate your business with us.

Sincerely,
Ben H.
Technical Support

This is 80 days after he won the namejet auction and 115 days after the domain expired. If the domain didn't go through auction it would have dropped on 28 December 2010. However 37 days after the domain would have dropped, the registrars pulls the domain back.

* I calculated the first and second date myself. I checked 10 different fabulous domains that are on namejet. Namejet auctions start 32 days after a fabulous domain has expired. Then the auction runs for 3 days. So you win the auction 35 days after expiry.

Expired domains are recoverable for 45 days after expiry for regular reg fee from the registrars perspective. They are recoverable for a further 30 days. So in total 75 days is the recover limit. 35 days had already passed when michaelp won the namejet auction.

Even in the most far fetched scenario the auction lock should not last more than 40 days because after that the domain enters pending delete.

Here is the link: http://domaingang.com/domain-news/shocking-namejet-repossesses-domain-after-80-days/

 

[DU]

"You also agree that NameJet shall have the right in its sole discretion to suspend or cancel any auction (Public or Private) prior to commencement of, during, or after completion of, the auction."

That doesn't make sense even. You can cancel an auction After completion? I have heard of canceling an auction but not reversing the results of said auction.

This is weird.

Stay away from Snapnames/NameJet Are you sure it was an expiring auction and not a private listing? I think they mix them up now.

 

[Erdy]

If it is a private sale, it is worse because there should be no recover time at all. You can not sell something and then take it back.

 

[DU]

If it is a private sale, it is worse because there should be no recover time at all. You can not sell something and then take it back.

I understand that but at least it makes sense of the dates. Namejet is so effed up it's not even funny.

Never bought a name there. Never will. You can argue that doesn't help fix anything - but it would if there were 1,000,000 more of me.

I voted with my feet

 

[Jawed]

After completion!!!!

OK but there must be some limits. You cannot have such terms for an indefinite period.

Never bought a name there. Never will. You can argue that doesn't help fix anything - but it would if there were 1,000,000 more of me.

I voted with my feet

Where to buy then? Is snapnames any better? The problem is that a handful sleazy companies have monopolised the industry and have left no options for the ordinary domainers.