IPFS News Link • Arizona's Top News
Illegal housing bidding on rise
• Arizona RepublicPrices on some foreclosure homes are being dropped below the opening bid just hours or even minutes before the auction. Buyers aware of the "drop bids" scoop up the houses before other bidders know about the price drops.
Drop bids violate the state's foreclosure-sale laws, say the state's leading court-appointed foreclosure-trustee attorneys.