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Foreclosure auction buyer confession


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2012 Feb 19, 12:46pm   26,335 views  41 comments

by Malkovich   ➕follow (2)   💰tip   ignore  

Hey there,

When I am not looking at Patrick.net, or reading SFgate, I am typically reading a site called Reddit.com

It is a fascinating site with a lot of strange news, pics, movies, etc.

One of my favorite sections is the IAMA page. IAMA is an acronym for I (am a ___) Ask Me Anything. The people who post there do a question and answer for whatever they do. It is incredibly interesting.

I happen to look at the IAMA page today and one of the postings was "I buy foreclosed houses at public auction, I've seen the ins and outs of the biz."
http://www.reddit.com/r/IAmA/comments/pwpfg/i_buy_foreclosed_houses_at_public_auction_ive/

I was very curious about the nefarious practices I've heard about at these auctions and with great anticipation started reading the IAMA.

Upon scanning the posts I quickly realized that the original poster had second thoughts about his IAMA and deleted all his answers (this actually happens on a regular basis - people feel the need to confess anonymously and then get paranoid that they could actually be outed).

Fortunately, someone had somehow archived all the original poster's replies here:
http://pastebin.com/KrnzPYjH

It's a bit hard to read at first but you can scan for the longer paragraphs and find some of the questionable practices that these people do.

One of the most surprising to me was how this person would B&E a house that was scheduled to be auctioned, then actually put locks on the doors/garage doors, put up cardboard over the windows to block the view, etc. to prevent any competitors from properly assessing the property.

#housing

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41   Patrick   2012 Feb 27, 1:21pm  

bg says

was there something here that got deleted. Why ouch?

That ouch was in reference to this:

bubblesitter says

Patrick,

Something is wrong with ignore function. Lately I can see the comments from people I have on ignore list.

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