Share this on:
 E-mail
54
VIEWS
17
COMMENTS
 
SHARES
About this iReport
  • Not vetted for CNN

  • Posted July 5, 2012 by
    mainstreet57
    Location
    Washington
    Assignment
    Assignment
    This iReport is part of an assignment:
    Sound off

    More from mainstreet57

    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 ?

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story