Foster agency failed to renew domain and says it is being held for ransom.
The practice of domain investing can get a bad rap sometimes, and this story is an example of why.
A UK foster agency used the domain name littleacornsfostering.com for many years but failed to renew it earlier this year. Someone bought the expired domain and is asking the company for £9,000 if it wants to buy the domain.
A couple things come to mind when reading this story.
First, I’m surprised that the agency didn’t notice the domain expired during the required DNS disruption. This is a period of at least eight days that the registrar must change the DNS to alert the owner that the domain has expired.
Second, I personally stay away from domains like littleacornsfostering.com that seem like they would only be used by one company. I buy expired domains that were previously used, but only if it seems like there would be a broad appeal for the domain name rather than selling it back to the company that previously owned it.