Godaddy.com  Godaddy holds expired domains hostage for $100 reinstatement fee. Not even 60 day grace period. Grand Rapids Michigan

Considering the amount of Godaddy promotional emails, I missed a renewal notice that was important. Less than 45-60 days later I discovered the mistake for (4) domains with the .beer domain. I had to pay $400 to get my own domains back! That is a total ripoff and should not even be legal. I can see a $25 dollar reinstatement/reactive fee, but $100! Give me a break. 

I do not believe in "more" government regulations, but the government needs to look at this, and other domain registration services, as they should not be allowed to hold your domain hostage when you were the person who registered it in the first place. What a total scam. And I couldn't even transfer them to another service. I would have to pay the fee just to get them back.