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Updated over 7 years ago, 04/08/2017

User Stats

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

RE investor legally robs bank!

Robert Steele
  • Investor
  • Lucas, TX
Posted

I heard this story and was wondering if anyone had actually experienced anything like this?

A guy goes to a judicial foreclosure auction and manages to pick up a house worth hundreds of thousands for $1K.

The lawyer representing the bank was supposed to show up and make a full credit bid but he got stuck in the court restroom.

The law firm and/or the bank are screaming at the county constable to do something but the law was followed and they are out of luck.

I don't know how the story ends but I imagine that either;

a) the bank made him an offer to good to refuse wrapped in a thinly veiled threat of legal action

b) they got a temporary restraining order and then buried him in lawsuits

c) being the easy going fair minded people that they are, they cut their losses and moved on

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