Strange Domain Story

[tech4]

In 2006 I bought an LLLL.Com from a seller on Ebay for XX amount.
Before the transfer, I sent out a few sales email to some people who wanted the pronounciable LLLL.Com at the time. Guess what? the domain name did not changed hands yet, I already paid for it, and through ebay it was binding.

I made the mistake to contact potential buyers because they contacted the person on the whois.sc for domain info. The seller on Ebay then refused to turn over the domain.

Past forward years later. Now the domain is listed on sedo with xxx. So I decided to buy it again. Now the same seller has accepted my offer and decided to sell it without going to auction. I just paid again, this time 15x what I paid for in 2006.

I am not making the same mistake and try to sell it to people until I have my info on the whois. Do you think this time the same seller will play the same trick on Sedo's platform? Because the agreement now has my name and address on it. At ebay both Paypal, me, and my registrar gave the seller some bad ratings for not handling over the domain name in 2006.

Now in 2009. Its once again belongs to me (I think, since there was a contract, and now is paid for). except for the whois changes.

Is there anything I can do if the seller backs out again?

 

[FathomJH]

What was your method of payment if you don't mind me asking. Surely an escrow service would be the best. If you don't get the domain he doesn't get your money.

 

[tech4]

By paypal via sedo. I think sedo would try to honor this method. But I am not sure if the seller holds the grudge or remembers me on ebay. But I certainly remember him and the domain name that I bought in 2006 which lawfully is supposedly be mine. But now I am paying 15x more for it sadly.

The payment I made was to sedo. info@sedo and I believe sedo would remit payment to seller.

 

[FathomJH]

According to Sedo,

Regarding Buyer:
"If a transaction has been open for more than ten (10) business days without payment from the buyer, the seller may cancel the sale. Any request to cancel should be discussed with the assigned transfer specialist, as the method of payment and location of the buyer can affect the amount of time it takes to receive the funds."

Regarding Seller:
"If a seller’s offer to sell a domain is accepted, the seller must transfer the domain once payment has been received. Accepting an offer constitutes a legally binding agreement and should be given serious consideration. Once an offer has been accepted the buyer has a contract they can seek to have enforced in a court of law. Sellers who refuse to complete an accepted transaction risk having their Sedo accounts cancelled or domains blocked from being sold on the Online Marketplace."

http://www.sedo.com/faq/faq.php?language=us&tracked=&partnerid=&language=us

Hope this helps

 

[tech4]

Well I thought about going through court in 2006 over xx. So at the time I was busy anyway. I gave up then.

But its awfully strange to find myself buying the same domain name twice from same seller.

Thanks for the info FathomJH

 

[Michael]

Until the domain is in your account anything could happen, so you should refrain from attempting to sell it until it is actually under your control. Just because there is an escrow contract with Sedo doesn't mean they can force him to transfer the domain to you if he changes his mind, the worst they'll do is close his Sedo account (if that). Just be patient and wait a few days to avoid any mishaps.