Man who stole Larry Faulks’ home pleads guilty to auction rigging, mail fraud

February 24, 2013

Did a company called DMG Asset Management buy your foreclosed home? It bought Larry Faulks’ Diamond Heights home from Wells Fargo Bank after the bank put it up for foreclosure auction via a practice called dual tracking, whereby a bank forecloses and auctions off a home whose loan it is supposedly in the process of modifying.