Fred Schulte

When property taxes go unpaid, the debt gets sold -- sometimes resulting in a bidding frenzy between America's largest banks and hedge funds. Investigative reporter Fred Schulte says unpaid tax bills as low as $300 have resulted in homeowners losing their properties.

Investigations Editor for the Fort Lauderdale Sun-Sentinel Fred Schulte. He has received many awards for consumer-oriented journalism including the George Polk award for exposing patient abuses in health maintenance organization. Schulte's new book Fleeced (Prometheus), looks into telemarketing rip-offs and how to avoid them. (Interview by Marty Moss-Coane)