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June 24, 2010 at 12:23 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571201June 24, 2010 at 12:23 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571310
stockstradr
Participant“I’m wondering if intent makes it illegal.”
Intent (with planning) makes it more EFFECTIVE…
…as opposed to the accidentally effective approach of irresponsible Americans who stumble clumsily into defaulting on all their debt.
June 24, 2010 at 12:23 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571599stockstradr
Participant“I’m wondering if intent makes it illegal.”
Intent (with planning) makes it more EFFECTIVE…
…as opposed to the accidentally effective approach of irresponsible Americans who stumble clumsily into defaulting on all their debt.
June 24, 2010 at 12:18 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570582stockstradr
Participant“If so, I’ll sell you my bay area home at an inflated price above FMV. It’s a 4 bed/2 bath 1 story home. I’ll sell it to you just north of $950k”
Ah, yes, smart. I need to work some pay-above-FMV kickback cash into the scheme. You scratch my back, I scratch yours. I’ll overpay and we’ll split that difference.
I like it.
June 24, 2010 at 12:18 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570678stockstradr
Participant“If so, I’ll sell you my bay area home at an inflated price above FMV. It’s a 4 bed/2 bath 1 story home. I’ll sell it to you just north of $950k”
Ah, yes, smart. I need to work some pay-above-FMV kickback cash into the scheme. You scratch my back, I scratch yours. I’ll overpay and we’ll split that difference.
I like it.
June 24, 2010 at 12:18 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571191stockstradr
Participant“If so, I’ll sell you my bay area home at an inflated price above FMV. It’s a 4 bed/2 bath 1 story home. I’ll sell it to you just north of $950k”
Ah, yes, smart. I need to work some pay-above-FMV kickback cash into the scheme. You scratch my back, I scratch yours. I’ll overpay and we’ll split that difference.
I like it.
June 24, 2010 at 12:18 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571300stockstradr
Participant“If so, I’ll sell you my bay area home at an inflated price above FMV. It’s a 4 bed/2 bath 1 story home. I’ll sell it to you just north of $950k”
Ah, yes, smart. I need to work some pay-above-FMV kickback cash into the scheme. You scratch my back, I scratch yours. I’ll overpay and we’ll split that difference.
I like it.
June 24, 2010 at 12:18 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571589stockstradr
Participant“If so, I’ll sell you my bay area home at an inflated price above FMV. It’s a 4 bed/2 bath 1 story home. I’ll sell it to you just north of $950k”
Ah, yes, smart. I need to work some pay-above-FMV kickback cash into the scheme. You scratch my back, I scratch yours. I’ll overpay and we’ll split that difference.
I like it.
June 24, 2010 at 12:12 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570572stockstradr
ParticipantAnd as for justification (for bad behavior)…
let’s all remember that if you don’t step ONTO the bandwagon to join the irresponsible freeloaders….
then by default you remain a “responsible” taxpayer who is the horse (or jackass) pulling the bandwagon of freeloaders (= paying for their party with your taxes)
June 24, 2010 at 12:12 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570668stockstradr
ParticipantAnd as for justification (for bad behavior)…
let’s all remember that if you don’t step ONTO the bandwagon to join the irresponsible freeloaders….
then by default you remain a “responsible” taxpayer who is the horse (or jackass) pulling the bandwagon of freeloaders (= paying for their party with your taxes)
June 24, 2010 at 12:12 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571181stockstradr
ParticipantAnd as for justification (for bad behavior)…
let’s all remember that if you don’t step ONTO the bandwagon to join the irresponsible freeloaders….
then by default you remain a “responsible” taxpayer who is the horse (or jackass) pulling the bandwagon of freeloaders (= paying for their party with your taxes)
June 24, 2010 at 12:12 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571290stockstradr
ParticipantAnd as for justification (for bad behavior)…
let’s all remember that if you don’t step ONTO the bandwagon to join the irresponsible freeloaders….
then by default you remain a “responsible” taxpayer who is the horse (or jackass) pulling the bandwagon of freeloaders (= paying for their party with your taxes)
June 24, 2010 at 12:12 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571579stockstradr
ParticipantAnd as for justification (for bad behavior)…
let’s all remember that if you don’t step ONTO the bandwagon to join the irresponsible freeloaders….
then by default you remain a “responsible” taxpayer who is the horse (or jackass) pulling the bandwagon of freeloaders (= paying for their party with your taxes)
June 24, 2010 at 12:02 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570648stockstradr
Participant“3% FHA… Not a bad trade off”
Plus you get the 3% from credit cards, which you later default on as well. Take the “shell game” approach to financing the house purchase.
I’ll just write my down payment using those Credit Card Cash Advance checks the credit card companies always send me. Many of those each have as much as a $5K or $10K limit
Now we’re talking!
June 24, 2010 at 12:02 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571161stockstradr
Participant“3% FHA… Not a bad trade off”
Plus you get the 3% from credit cards, which you later default on as well. Take the “shell game” approach to financing the house purchase.
I’ll just write my down payment using those Credit Card Cash Advance checks the credit card companies always send me. Many of those each have as much as a $5K or $10K limit
Now we’re talking!
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