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Subtle 'Under The Radar' Foreclosure Sale Bid Rigging Racket, Or Mere Familiarity With Competitors' Business Models?

By r morris

In Denver, Colorado, The Denver Post reports:Though fewer and fewer properties are left to be picked over at weekly county foreclosure sales ? most are kept by banks ? the leftovers aren't generating the rabid bidding wars one might expect. Instead, the handful of private investors who regularly attend the weekly public-trustee sales are landing properties for just $1 over a bank's minimum bid to

Full post as published by The Home Equity Theft Reporter on February 17, 2011 (boomark / email).