Feds crack down on foreclosure auction scams

June 1, 2013 • Business

FILE – In this file photo from Friday, March 16, 2007, Travis Toth, left, an auctioneer of trustee sales for Fidelity National, reads descriptions of foreclosed properties offered for sale as potential buyers contemplate bids during a home foreclosure auction on the steps of the Los Angeles County courthouse in Norwalk, Calif. In the past three years, federal prosecutors have charged 54 people and two companies in three states with “bid rigging” courthouse auctions of foreclosed properties. The overwhelming majority of the cases are from Northern and Central California, one of the hardest-hit regions in the country in terms of foreclosures. Bid rigging rings were also Login to read more

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