[quote=andymajumder]I was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.[/quote]
I really hope you folks don’t think I was serious…
AINT GONNA WORK….
It’s called “strict appraisals”… Though housing in bay area is still crazy, it’s not as crazy at those levels…
And no, I don’t want to be the guinea pig seller. Thanks, but no thanks. I’m pretty happen with the tenant right now…
