Rockemsock has it right. I’ve seen NODs on places go for 12+ months. Still no foreclosure. You can live there for 12 months and just bank your monthly payment — or rent equivalent.
So many options were available, but the zero risk was something I should’ve picked up on. Buy a house w/zero down and flip and make a profit. If the market tanks, live there for free and bank your cash monthly.
Worse case, the bank reduces your principle and/or lowers your rate.
Meanwhile, you’ve been living in a nice place you never had any business buying.
I’m just frustrated, so don’t mind me. Trying to play by the rules when many weren’t.
