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Thread: Some Buy a New Home to Bail on the Old

  1. #1
    Kungishi 01PyTypeR#1140's Avatar
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    Default Some Buy a New Home to Bail on the Old

    Wow! I guess it might be worth it to some. If you purchased a house at the top of the market and now your home is worth close to 200k less than what you paid for it, you could save a ton of money doing this I guess. Buy the same home for 200,000 less and make payments on that one at the expense of your credit. Not a bad read. Here you go.

    Some Buy a New Home to Bail on the Old - WSJ.com
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    wearing a suit birdbrain's Avatar
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    Default Re: Some Buy a New Home to Bail on the Old

    its out and out theft


  4. #3
    Kungishi 01PyTypeR#1140's Avatar
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    Default Re: Some Buy a New Home to Bail on the Old

    Quote Originally Posted by birdbrain View Post
    its out and out theft
    Agreed, but I could easily see someone getting backed into this with no other out. I wouldn't hold anything against them. For some these times are harder for them than others.
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    SNORTARRIFIC! new in town's Avatar
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    Default Re: Some Buy a New Home to Bail on the Old

    Quote Originally Posted by birdbrain View Post
    its out and out theft
    Quote Originally Posted by 01PyTypeR#1140 View Post
    Agreed, but I could easily see someone getting backed into this with no other out. I wouldn't hold anything against them. For some these times are harder for them than others.

    I can see defaulting, walking away and paying the price. You purchased it and rolled the Dice.

    Buy an new one first, default and cause more kayos in the housing market! NO !
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    Crippenese spoken here. drcrippen324's Avatar
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    Default Re: Some Buy a New Home to Bail on the Old

    got to agree with 01PyTypeR#1140 and that dosent often happen but if you have hit the floor and its between you having a roof over your head and bouncing some greedy money lending company one in the eye i know wich way i would go if i could pass it back some how to some greedy money grabbing ex wife then all the better

    got to stay warm and dry
    My rice krispies told me to do it



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