Post 21 Buy and Bail - Would You?

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Uploaded by on Jul 3, 2008

Buy and bail is the result of purchasing a new home with the intention of walking away on the old before the bank forecloses. For example, you owe $400k on your home and the identical property across the street is a foreclosure and is selling for $250k.

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  • Absolutely.

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  • Yes I would

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