Lenders Choke The People Looking to "Buy And Bail"
September 23, 2008 by Admin · Leave a Comment
FHA and Conventional Loan guidelines were revised this morning, this time to prevent the so-called “buy and bail” folks trying to escape their overpriced mortgages. Haven’t heard of a “buy and bail” scenario? It goes something like this: Until now, people who decided to rent their home instead of sell it were allowed to claim [...]
