- Posted July 5, 2012 by
This iReport is part of an assignment:
foreclosures? R they legal?
these were views from a non-judicial foreclosure auction last week.it was reported to us the table was northwest trustee owned by- roth crabtree olsen - (local foreclosure mill) that the agents at the table worked under the same umbrella. when we walked up a woman was bidding . the bid was at $200,000 the man at the table kept asking if there were other bids and the same woman each time he asked kept bidding higher until she reached $270.000 . with no one bidding against her.
then the man at the table called off many properties and asked if there were any "qualified bidders) which meant cash or money order. we wrote down the names of those not bidded on that day and a week later found in the public records they were recorded as being sold to the highest bidder at auction on that day? we were told the woman bidding was the "go to" person for info but after seeing us taking photos she was less then helpful. in the first photo you will see the man from "vestus" who loans money to investors ? also photos of the very small group of 'qualified buyers that it appears had millions of dollars in cash or money orders that day? and all these are done with no judicial oversight ?