Something similar happend to me in an auction a couple of weeks ago, I won the item, I paid for it, got an email with receipt and all, and then the next day they took it away from me and got the refund.. I know it sucks…… Some auction sites take a lot of time to upgrade their auctions, and this complicate things to, u can win an item in sedo, and still be listed in go daddy or vicceversa, sometimes it takes them days, I once called go daddy and told them, “hey! That domain in auction is mine” , “oh, sorry we haven’t upgraded”..
This wonderful piece of information about buying expired domains is simply mind-blowing and I did not know about that before. It is easy for every one to understand about the topic with the pictorial representation. I feel sad that you lost around $400 due to Fake PR, but this article will surely help others save them from any sort of inconvenience.
I don't necessarily agree with some that dropped domains don't have value for SEO purposes but either way one thing you can do is to check out our tool for finding auction domain names (the tool has a database of domains available buy from GoDaddy and SEDO and also give additional SEO criteria to look up for the domains like backlinks, Compete data, CPC, Google stats, Alexa stats, etc. and there is also an option to schedule auction domain alerts so that you can be notified via email if a domain name meeting criteria you specify gets put up for sale) or you could use our tool fo domains dropping soon that shows all domains dropping in the next 5 days that way you can be ready to snap them up right away.
Here's a test I have in process.  I bought an old $5 closeout domain from Godaddy TDname expired auction.  I put a quick minisite up and linked to it with a crazy anchor text phrase.  The domain is ranking for that crazy term now.  It's gone through one pagerank update and I'm waiting for a second to come.  Then I'll redirect the domain to another minisite.  I suspect the second site won't rank for the anhor text, but we'll see.  
If you *really* want to be sure the auction partner is NameJet (because it’s a name you cannot afford to lose in the drop), you can email the technical support team at SRSPLUS and ask them if they follow the same expiration/auction procedures as Network Solutions. Be specific and ask, “Will the domain name, (fill in), expire and be available for auction on as the process is listed at”

The easiest and least time consuming option is to 301 redirect the old domain to your existing site. This tactic obviously works best if both sites are in the same sector and are targeting the same keywords; otherwise, if you have a pet supply site and you buy an old Texas Hold 'Em poker site, a redirect probably might raise some eyebrows among the search engines. If, however, your site is and you buy and 301 redirect the domain over, you're inheriting a lot of topical and appropriate links.
The results can be different on a daily basis because more and more domain names expire on a regular basis, and some of them are worth real money. All that they have to do is to key in particular keywords that clients regularly search for in their niche and appear on the first page of most search engine results. You can get more that a dozen of expired domain names daily using this fantastic tool.
i had a backorder for a domian that was registered at godaddy. The backorder of the domain says the domain expires feb 23, 2015. However, when i check the whois on different websites, it now says the domain is registered through feb 2016. However, GODADDY back ordering still has the domain with the expiration date of feb 23, 2015. Why would they be showing 2 different dates? The domain is not even in an auction, so the 2016 seems like the new correct date?
Thank you for a very informative article. I am still a bit confused on a couple of things. There is a domain that I have been looking to purchase for about a year now and it expires within the next 24 hours. It is with and appears for backorder at snapnames but not at namejet. I am assuming this is because they are both connected auction houses?
The advanced search feature lets you limit by domain extension What URL Domain Extensions Stand For and Why They Are Needed What URL Domain Extensions Stand For and Why They Are Needed There's a lot more to the internet that just .com, .org, and .net sites. The world of top-level domains exploded a few years ago. But what is a TLD? Let's find out. Read More , age, number of characters, and type. Types include expiring, auction, buy now, and more.
The whitelist filter for wanted characters is now split into three filters. The old whitelist is now named whitelist (only). When used, the domain has to consist only of the defined characters or numbers. No other characters are allowed. The new whitelist (any) filter finds domains that have at least one of the defined characters or numbers. The new whitelist (all) filter finds domains that have all defined characters or numbers at least once.