A registered bidder at foreclosure auction successfully bribed the other bidders into not bidding against him…so as not to bid up the bank’s opening bid against him. Is this coercion common? I’m a newbie.
Sounded illegal so I didn’t bite…although tempted. the briber outbid the bank’s opening bid & won a great deal, and paid the other bidders with $2500 checks after the auctioneer left. This was no joke.