is the new Smart Move to BUY a home for strategic default?

[sdrealtor]

How much your credit falls depends upon how long the default lasts. The late payments are what appear to hit your scores the hardest. If they foreclose quickly you will make out better on your credit. If the late payments pile up on your credit for a couple years its not so easy to repair it that quickly. Also, not matter what you scores are you have underwrting guidelines to deal with. Sure you will be able to buy a car and get credit cards but getting amortgage will not be possible for many years and good luck getting a business loan.

[stockstradr]

“While I don’t doubt if you were single, you might be willing to do this, but I’m pretty sure your spouse won’t let you, unless she’s anything but traditional…”

I did actually discuss it with my wife. I explained the “minor” drawback that it would send her credit score down into single digit oblivion. She politely told me to go f___ myself, and shove this idea up my a__.

Ahh, marriage, what a joy!

🙂

[stockstradr]

“While I don’t doubt if you were single, you might be willing to do this, but I’m pretty sure your spouse won’t let you, unless she’s anything but traditional…”

I did actually discuss it with my wife. I explained the “minor” drawback that it would send her credit score down into single digit oblivion. She politely told me to go f___ myself, and shove this idea up my a__.

Ahh, marriage, what a joy!

🙂

[stockstradr]

“While I don’t doubt if you were single, you might be willing to do this, but I’m pretty sure your spouse won’t let you, unless she’s anything but traditional…”

I did actually discuss it with my wife. I explained the “minor” drawback that it would send her credit score down into single digit oblivion. She politely told me to go f___ myself, and shove this idea up my a__.

Ahh, marriage, what a joy!

🙂

[stockstradr]

“While I don’t doubt if you were single, you might be willing to do this, but I’m pretty sure your spouse won’t let you, unless she’s anything but traditional…”

I did actually discuss it with my wife. I explained the “minor” drawback that it would send her credit score down into single digit oblivion. She politely told me to go f___ myself, and shove this idea up my a__.

Ahh, marriage, what a joy!

🙂

[stockstradr]

“While I don’t doubt if you were single, you might be willing to do this, but I’m pretty sure your spouse won’t let you, unless she’s anything but traditional…”

I did actually discuss it with my wife. I explained the “minor” drawback that it would send her credit score down into single digit oblivion. She politely told me to go f___ myself, and shove this idea up my a__.

Ahh, marriage, what a joy!

🙂

[stockstradr]

This comment from someone brilliantly summarizes my point in starting this thread:

“Quite frankly, with the way the govt has screwed over responsible buyers and savers, I think the idea of buying with the intent of strategically defaulting is brilliant and it’s giving the govt EXACTLY what it’s asking for.

[stockstradr]

This comment from someone brilliantly summarizes my point in starting this thread:

“Quite frankly, with the way the govt has screwed over responsible buyers and savers, I think the idea of buying with the intent of strategically defaulting is brilliant and it’s giving the govt EXACTLY what it’s asking for.

[stockstradr]

This comment from someone brilliantly summarizes my point in starting this thread:

“Quite frankly, with the way the govt has screwed over responsible buyers and savers, I think the idea of buying with the intent of strategically defaulting is brilliant and it’s giving the govt EXACTLY what it’s asking for.

[stockstradr]

This comment from someone brilliantly summarizes my point in starting this thread:

“Quite frankly, with the way the govt has screwed over responsible buyers and savers, I think the idea of buying with the intent of strategically defaulting is brilliant and it’s giving the govt EXACTLY what it’s asking for.

[stockstradr]

This comment from someone brilliantly summarizes my point in starting this thread:

“Quite frankly, with the way the govt has screwed over responsible buyers and savers, I think the idea of buying with the intent of strategically defaulting is brilliant and it’s giving the govt EXACTLY what it’s asking for.

[Scarlett]

That’s why you take the loan without your spouse and leave her/his credit intact….

[Scarlett]

That’s why you take the loan without your spouse and leave her/his credit intact….

[Scarlett]

That’s why you take the loan without your spouse and leave her/his credit intact….

[Scarlett]

That’s why you take the loan without your spouse and leave her/his credit intact….

[Author]

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