Showing posts with label strategic default. Show all posts
Showing posts with label strategic default. Show all posts
Tuesday, September 20, 2011
Friday, June 10, 2011
Thursday, October 14, 2010
Mortgage Bankers Association strategic default
"Do as I say, not as I do." Got it?
http://www.shiftoftheage.com/2010/10/08/strategic-mortgage-defaulting-do-as-i-say-not-as-i-do/
http://www.shiftoftheage.com/2010/10/08/strategic-mortgage-defaulting-do-as-i-say-not-as-i-do/
Wednesday, September 15, 2010
Zero down mortgages restarted by Fannie
http://www.fundmymutualfund.com/2010/09/zero-down-mortgages-restarted-by.html
Good news folks... the "no skin in the game" mortgage is back. You know the game right? It's a one sided bet where the buyer can only win. If the house goes up, you pocket that and hopefully get that granite countertop you so deserve with the home equity. If it doesn't go up.... you walk - but only after living in the home rent free for at least 18-22 months as you strategically default your way to a mountain of savings while waiting for the sheriff to show up. If you are smart you can save at least $30K during this time. There are no losers here (except the U.S. taxpayer).
Labels:
Fannie Mae,
strategic default,
zero down mortgage
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