Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago, 08/15/2019

User Stats

618
Posts
351
Votes
Robert Steele
  • Investor
  • Lucas, TX
351
Votes |
618
Posts

Collusion at Auctions

Robert Steele
  • Investor
  • Lucas, TX
Posted

I thought colluding at an auction was illegal? I see people colluding at Trustee sales all the time. They bid, then when two of them have run out of money they team up to continue bidding. Is that collusion? I also see them say things like "if you let me get this one, I'll let you get the next one". I'm pretty sure that is definitely collusion.

They do this brazenly in front of the Trustees. But the Trustees are not law enforcement and so they don't care. I'd expect that they have a fiduciary responsibility to get the best price and letting bidders collude is not conducive to that responsibility though.

Well now some of the Trustee sale clic are coming over to the Tax Sales and doing the same thing. Right in front of the Constable Deputies! They don't seem to care either. WTF?

Am I wrong about this. Is it totally legit?

Loading replies...