HUD auction fraud
Owner occupants get priority over investors in the HUD auctions. That means OO's can bid thousands less than investors and still win the auction.
The problem is that I sometimes get beat by an "OO" who really turns out to be a flipper/rehabber. It's not hard to notice when the "OO" puts the home up for sale again a couple months after winning the auction. Not only does this create an unfair advantage, it is fraudulent.
Just looking at my records now, I see in March one where I bid $30507, but an "OO" bid $26500 to beat me. And now this home is for sale. Craigslist and FSBO sign.
Anyone know how (and to whom) to report this activity to hopefully put a stop to it?.