Foreclosure

[Welderd]

ok just saw on the morning show or whatever about "Buy and Bails"

guy bought a 342k house, then bought his dream house 500k+, had 7000/month payments, couldn't sell house 1, couldn't rent it so what did he do?

Bought house #3 a townhouse cheap and walked on the other 2!

From what it said it didn't sound like he owed the banks the rest of the mortgages. Looked it up and you can get dinged for mortgage fraud - but only if you falsify loan applications or something to get the 2nd house. Also said that banks can sue the individuals but haven't yet.

It's really sounding like these people are getting absolved of their debts and the only penalty is bad credit. To me the news reports and media and the information that I find on it seem to be leading more and more people to do this because they aren't telling the penalties - if their are any???? this could get worse if more people starting doing this

 

[muchado]

well **** im gonna go get 3 more mortgages and bail out sounds like a good time

 

[DavidsCJ7]

ok just saw on the morning show or whatever about "Buy and Bails"

guy bought a 342k house, then bought his dream house 500k+, had 7000/month payments, couldn't sell house 1, couldn't rent it so what did he do?

Bought house #3 a townhouse cheap and walked on the other 2!

From what it said it didn't sound like he owed the banks the rest of the mortgages. Looked it up and you can get dinged for mortgage fraud - but only if you falsify loan applications or something to get the 2nd house. Also said that banks can sue the individuals but haven't yet.

It's really sounding like these people are getting absolved of their debts and the only penalty is bad credit. To me the news reports and media and the information that I find on it seem to be leading more and more people to do this because they aren't telling the penalties - if their are any???? this could get worse if more people starting doing this

He sounds like a class act. I guess you have someone to idolize.

 

[Welderd]

ok I'm getting sick of you guys and your cheap shots

I'M JUST CURIOUS WHAT THE FAWK IS GOING ON HERE! I'M NOT DOING THIS YOU DUMBASSES

HOW ARE PEOPLE GETTING AWAY WITH THIS????

to me they (media) don't seem to be telling people the actual facts about what happens when you do this. Heck I can't find many FACTS, just heresay and guesses like you guys assume and put out there.

 

[DavidsCJ7]

Here is a better idea, that wont hurt your credit. You could go over to a friends house and pretend to fall and hurt yourself. Then you hire one of those phone book attorneys to sue your friend. Its ok though because your not really suing your friend, your suing his insurance company. If you pretend to hurt yourself bad enough you could just pay off the mortgage. If you only slightly injure yourself you may have to do this a few times. :afro:

 

[muchado]

I ain't assuming ****. Sorry if you consider some sarcasm toward the morally defunkt a "cheap shot"...

I KNOW it's the wrong thing to do. Don't give a **** what other people are doing to steal from the bank : or the logic behind it.. it is STEALING to "GET AWAY" with it. I dont give a **** how you look at it...

I'd holler at habitat for humanity, get em to build me a house and THEN sell that sumb-eeetch... **** that'd only be right.. right?!????

 

[bigsilly]

ok I'm getting sick of you guys and your cheap shots

I'M JUST CURIOUS WHAT THE FAWK IS GOING ON HERE! I'M NOT DOING THIS YOU DUMBASSES

HOW ARE PEOPLE GETTING AWAY WITH THIS????

to me they (media) don't seem to be telling people the actual facts about what happens when you do this. Heck I can't find many FACTS, just heresay and guesses like you guys assume and put out there.

So what bank you gonna fawk over??






























Sorry, could not help myself...

 

[cbchambles]

If you are a concerned citizen as I am I understand your concern. I have come to the conclusion that America is ****ed. We have Americans bailing on there mortgages and people trying to figure out how to do it. Oboma is talking car manufactures bail out. **** it I am moving south to some island and get away from all this bullshit. I am with you man rob from your neighbors and friends and then bail out everyone is doing it the coolest do it. I am head out now to cash out forclose on my homes and move out of the country.

Come see me in the Caymans

OUT!!!!!!!!!!!!!!!