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Updated over 7 years ago, 04/08/2017
RE investor legally robs bank!
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