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: The Home Equity Theft Reporter

Feds Breathing Heavy In Probe Into Suspected Bay Area Foreclosure Sale Bid-Rigging Scams

By r morris

In Oakland, California, KTVU-TV Channel 2 reports:The FBI Tuesday was investigating a dark underside to the Bay Area's mortgage crisis that finds some unscrupulous investors colluding to keep prices low when foreclosed homes are sold at auction.Folks at the Community Realty Property Management office on Fruitvale Avenue weren't talking when KTVU tried to ask if the FBI had been there last week.

Full post as published by The Home Equity Theft Reporter on January 21, 2011 (boomark / email).