Editor’s Note: Bid Rigging is exactly what is happening at the steps of every foreclosure action involving so-called securitized loans. Here BofA admits it but not for home foreclosures. The party submitted the non-cash bid (called a credit bid) is not the creditor, and the title is transferred to yet another party who is also […]

Tags: Bank of America, Bid Rigging, clouded title, credit bid, non-cash bid, title
Posted in bubble, Corruption, Eviction, securities fraud |