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To: UnBelievable who wrote (54318)6/15/2000 8:40:00 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 99985
 
re: how to sell your house short

You could take out a second mortgage/home equity loan equal to 125% of the house's present value, stop making payments, and let the bank foreclose. Hide everything else you own in a Cayman Islands account before you do this. It is unlikely you'll be able to do this more than once, so save it for a special occasion.



To: UnBelievable who wrote (54318)6/15/2000 8:41:00 PM
From: Benkea  Respond to of 99985
 
Unbelievable:

"I've been trying to figure out how to sell my house short"

Try FNM and FRE :-)

Better yet, try shorting the idiots loaning 125% no-equity "equity" loans :-)



To: UnBelievable who wrote (54318)6/16/2000 7:00:00 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
UB, there is something called "Reverse Mortgage" the plan is mostly for elderly who own nothing on hteir home, they get a monthly pay and give up their home in the future at a predetermined price.

BWDIK
Haim