Can Foley use one of his scam companies or entities to put in an entirely fraudulent bid for the house?
That is to say, it's a sure thing that Steve Orifice would put in an offer of $5 million if bidders aren't vetted or certified in any way. Or Schmavid Spiccoley Capital, a completely unaffiliated investment firm.
That delay'd be good for at least 30 days, until the bank figures out that the bidder doesn't exist. I suppose Foley would have to find some crony to act as the agent for the new crock firm.
I don't even know what sort of fraud that would constitute. It's not directly stealing, but it certainly blocks the bank from taking the honest bids.