It came to my attention that some of the vacant or foreclosure properties in our
neighborhoods could be due to underhanded practices with the online bidding
process.
Bids could be put in by or for a non-existent business or individual. This non-existent entity wins the bid over a willing, interested party. Then since the winner is non-existent the property remains vacant and an eye sore in the neighborhood. The other interested party who is not able to act on this property must find another property of interest to them.
Is this possible? Can they corrupt the process in this manner? What do you think?
Mrs. Tee
Wednesday, April 22, 2009
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1 comment:
This is outrageous. Boarded-up property that wrecks a neighborhood because of slick willys preying on businesses. So it's not just the apartment owners who escape foreclosures...it's the out-of-town flippers.
And take one wild guess what neighborhoods are most targeted.
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