Ah, welcome to the shocking discoveries. I come across them ALL THE TIME. I keep track of properties in several ZIP codes and monitor DOM by address and sales, etc. I also keep track of NODs and foreclosures.
That’s when I continually see the cash taken out and people walking. I see it regularly. Really burns me. What really pisses me off is it’s ok. Non-recourse loan. Take the money out of the house, give the house back to the bank.
It’s like legally robbing the bank. As an added bonus, our tax dollars get to help the banks. Insult to injury.
