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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Travis_Bickle who wrote (78466)5/30/2007 11:10:45 AM
From: Think4YourselfRead Replies (1) of 306849
 
That's an interesting scam. Since rent isn't usually tied to mortgage payments, owners going into default can rent out the home and pocket all the proceeds. Renter makes all payments but still gets evicted after foreclosure and owner walks away with more cash.

Will have to remember that one.

Suspect murder rates will go up in former bubble areas, and many of the victims (and perpetrators) will have foreclosures in their recent history. Our government sure isn't doing anything about all these problems. All along they have just sat on their worthless a$$es and collected tax revenues.
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