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

[jpinpb]

The really scary thing is, as you said eariler, how the heck is this going to appraise? I mean, it’s higher than the average/median for the area. And as Scarlett says, the location isn’t even that great. I mean, all I can do is shake my head.

[garysears]

I disagree with trying the intentional default, few years of living for free thing. We are a few years too late for that. And you really are a slave to your credit history if you want to apply for a job ever again. There is no reason to get your name on the title at all.

I think the best way to take advantage of the situation is by squatting. You don’t have to sacrifice your credit rating and you don’t have to get in any legal trouble. Simply find an empty property not being marketed. It doesn’t matter if it is bank owned or a walk away not yet foreclosed. Look up the name of the previous owner. Write up a fake lease. Move in, pay the water and electrical bills and wait. When they come to evict you, show the contract and demand compensation to move. No one will think to question the contract. They will assume the previous owner was pulling a scam. They will pay you a few thousand to be gone without a fuss. Repeat as desired.

I would be tempted to do this if I were single. You would never have to pay rent again as long as the banks are playing games with inventory. That will probably be years. Your stay might be short or long in any one place, but as long as you keep scouting for new places you can do it and make a little off it too.

[garysears]

I disagree with trying the intentional default, few years of living for free thing. We are a few years too late for that. And you really are a slave to your credit history if you want to apply for a job ever again. There is no reason to get your name on the title at all.

I think the best way to take advantage of the situation is by squatting. You don’t have to sacrifice your credit rating and you don’t have to get in any legal trouble. Simply find an empty property not being marketed. It doesn’t matter if it is bank owned or a walk away not yet foreclosed. Look up the name of the previous owner. Write up a fake lease. Move in, pay the water and electrical bills and wait. When they come to evict you, show the contract and demand compensation to move. No one will think to question the contract. They will assume the previous owner was pulling a scam. They will pay you a few thousand to be gone without a fuss. Repeat as desired.

I would be tempted to do this if I were single. You would never have to pay rent again as long as the banks are playing games with inventory. That will probably be years. Your stay might be short or long in any one place, but as long as you keep scouting for new places you can do it and make a little off it too.

[garysears]

I disagree with trying the intentional default, few years of living for free thing. We are a few years too late for that. And you really are a slave to your credit history if you want to apply for a job ever again. There is no reason to get your name on the title at all.

I think the best way to take advantage of the situation is by squatting. You don’t have to sacrifice your credit rating and you don’t have to get in any legal trouble. Simply find an empty property not being marketed. It doesn’t matter if it is bank owned or a walk away not yet foreclosed. Look up the name of the previous owner. Write up a fake lease. Move in, pay the water and electrical bills and wait. When they come to evict you, show the contract and demand compensation to move. No one will think to question the contract. They will assume the previous owner was pulling a scam. They will pay you a few thousand to be gone without a fuss. Repeat as desired.

I would be tempted to do this if I were single. You would never have to pay rent again as long as the banks are playing games with inventory. That will probably be years. Your stay might be short or long in any one place, but as long as you keep scouting for new places you can do it and make a little off it too.

[garysears]

I disagree with trying the intentional default, few years of living for free thing. We are a few years too late for that. And you really are a slave to your credit history if you want to apply for a job ever again. There is no reason to get your name on the title at all.

I think the best way to take advantage of the situation is by squatting. You don’t have to sacrifice your credit rating and you don’t have to get in any legal trouble. Simply find an empty property not being marketed. It doesn’t matter if it is bank owned or a walk away not yet foreclosed. Look up the name of the previous owner. Write up a fake lease. Move in, pay the water and electrical bills and wait. When they come to evict you, show the contract and demand compensation to move. No one will think to question the contract. They will assume the previous owner was pulling a scam. They will pay you a few thousand to be gone without a fuss. Repeat as desired.

I would be tempted to do this if I were single. You would never have to pay rent again as long as the banks are playing games with inventory. That will probably be years. Your stay might be short or long in any one place, but as long as you keep scouting for new places you can do it and make a little off it too.

[garysears]

I disagree with trying the intentional default, few years of living for free thing. We are a few years too late for that. And you really are a slave to your credit history if you want to apply for a job ever again. There is no reason to get your name on the title at all.

I think the best way to take advantage of the situation is by squatting. You don’t have to sacrifice your credit rating and you don’t have to get in any legal trouble. Simply find an empty property not being marketed. It doesn’t matter if it is bank owned or a walk away not yet foreclosed. Look up the name of the previous owner. Write up a fake lease. Move in, pay the water and electrical bills and wait. When they come to evict you, show the contract and demand compensation to move. No one will think to question the contract. They will assume the previous owner was pulling a scam. They will pay you a few thousand to be gone without a fuss. Repeat as desired.

I would be tempted to do this if I were single. You would never have to pay rent again as long as the banks are playing games with inventory. That will probably be years. Your stay might be short or long in any one place, but as long as you keep scouting for new places you can do it and make a little off it too.

[Zeitgeist]

I am sure it would work, but who wants to live that way?

[Zeitgeist]

I am sure it would work, but who wants to live that way?

[Zeitgeist]

I am sure it would work, but who wants to live that way?

[Zeitgeist]

I am sure it would work, but who wants to live that way?

[Zeitgeist]

I am sure it would work, but who wants to live that way?

[Coronita]

[quote=stockstradr]”I just say, he should get new friends 🙂 ”

Even my sister is one of them. I’m not going to stop speaking to my own sister based on her financial choices.

She stopped paying mortgage, car payments, and credit card debit. Living rent-free in her SFH for 1.5 years now. Lives on unemployment, welfare and food stamps, health care paid for by the state, plus charging things on her credit cards that she doesn’t make payments on.

I thought to myself: “maybe i’m the foolish one. I’m WORKING for a living. She’s the friggin’ smart one!”[/quote]

Well, ok then..The way I look at it you shouldn’t be as pissed off. Consider you’re just “helping your sister out”…

[Coronita]

[quote=stockstradr]”I just say, he should get new friends 🙂 ”

Even my sister is one of them. I’m not going to stop speaking to my own sister based on her financial choices.

She stopped paying mortgage, car payments, and credit card debit. Living rent-free in her SFH for 1.5 years now. Lives on unemployment, welfare and food stamps, health care paid for by the state, plus charging things on her credit cards that she doesn’t make payments on.

I thought to myself: “maybe i’m the foolish one. I’m WORKING for a living. She’s the friggin’ smart one!”[/quote]

Well, ok then..The way I look at it you shouldn’t be as pissed off. Consider you’re just “helping your sister out”…

[Coronita]

[quote=stockstradr]”I just say, he should get new friends 🙂 ”

Even my sister is one of them. I’m not going to stop speaking to my own sister based on her financial choices.

She stopped paying mortgage, car payments, and credit card debit. Living rent-free in her SFH for 1.5 years now. Lives on unemployment, welfare and food stamps, health care paid for by the state, plus charging things on her credit cards that she doesn’t make payments on.

I thought to myself: “maybe i’m the foolish one. I’m WORKING for a living. She’s the friggin’ smart one!”[/quote]

Well, ok then..The way I look at it you shouldn’t be as pissed off. Consider you’re just “helping your sister out”…

[Coronita]

[quote=stockstradr]”I just say, he should get new friends 🙂 ”

Even my sister is one of them. I’m not going to stop speaking to my own sister based on her financial choices.

She stopped paying mortgage, car payments, and credit card debit. Living rent-free in her SFH for 1.5 years now. Lives on unemployment, welfare and food stamps, health care paid for by the state, plus charging things on her credit cards that she doesn’t make payments on.

I thought to myself: “maybe i’m the foolish one. I’m WORKING for a living. She’s the friggin’ smart one!”[/quote]

Well, ok then..The way I look at it you shouldn’t be as pissed off. Consider you’re just “helping your sister out”…

[Author]

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