Foreclosure: The gift that keeps on giving

Looks like all the sharks in the mortgage racket are now being joined by sharks in the foreclosure resale market:

In one instance, three friends made the winning bid of $130,000 on a house in Lee. The mortgage company delayed the closing, then sent a letter in February offering to return the deposit. Before the friends responded, the company put the house back on the market for $179,000, then quickly agreed to sell it to someone else.