Bid Rigging

A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

Real Estate Speculators Plea Guilty To Bid-Rigging Bay Area Foreclosure Auctions

More than four dozen real estate speculators and two companies have been charged with illegally fixing foreclosure auctions in three states by bid-rigging. Several were operating in the Bay Area.


real estate, housing, home, property

Real Estate Investors Plead Guilty In Bay Area Bid-Rigging Scheme

The U.S. Justice Department said eight real estate investors have agreed to plead guilty in a bid-rigging scheme to buy foreclosed real estate at public auctions in two Bay Area counties.

KPIX 5 | CBS San Francisco–06/30/2011


New Kind Of Foreclosure Fraud Sweeping California

For those who are losing their homes to foreclosure, it’s a bitter pill to swallow. But some homeowners may have lost their homes to investors cheating on the courthouse steps.

KPIX 5 | CBS San Francisco–05/04/2011


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