The term intentional foreclosure pretty accurately describes a new trend fast developing in the real estate market.
A buyer (idiotus homedebtorus horribulus anus) sees the house across the street for sale and it is significantly less than the one purchased just a short while ago. Homedebtor buys it and moves his family in.
Shortly thereafter, they stop making payments and default on their old home. Ruins their credit for awhile, but that’s a minor concern.
Is it right?
“Is it wrong to steal when you’re hungry? That’s an issue that a lot of people are trying to figure out right now,” says Linda.
Ah, but the question is, Linda, “Is it wrong to steal when you are NOT hungry?“