Comments on: Buy and Bail- Is this the new real estate trend? http://www.realestatecactus.com/2008/06/11/buy-and-bail-is-this-the-new-real-estate-trend/ Phoenix Real Estate and surrounding communities Fri, 21 Nov 2008 17:32:16 +0000 http://wordpress.org/?v=2.3 By: Jamie http://www.realestatecactus.com/2008/06/11/buy-and-bail-is-this-the-new-real-estate-trend/#comment-165 Jamie Sat, 14 Jun 2008 16:05:43 +0000 http://www.realestatecactus.com/2008/06/11/buy-and-bail-is-this-the-new-real-estate-trend/#comment-165 @Dru- Here is some updated info from one of my lenders regarding this "Mortgage News: FannieMae announced earlier in the week they will no longer accept lease agreements on current homes. The borrower will have to be approved with both payments and have 6 months reserves. The timeline is soon and the guidelines are forthcoming. “Buying and Bailing” will be curbed. @Dru- Here is some updated info from one of my lenders regarding this

“Mortgage News: FannieMae announced earlier in the week they will no longer accept lease agreements on current homes. The borrower will have to be approved with both payments and have 6 months reserves. The timeline is soon and the guidelines are forthcoming. “Buying and Bailing” will be curbed.

]]> By: Dru Bloomfield http://www.realestatecactus.com/2008/06/11/buy-and-bail-is-this-the-new-real-estate-trend/#comment-164 Dru Bloomfield Sat, 14 Jun 2008 14:39:56 +0000 http://www.realestatecactus.com/2008/06/11/buy-and-bail-is-this-the-new-real-estate-trend/#comment-164 Jamie, This whole "scam" makes me crazy, and I wonder how some people sleep at night. Jamie,

This whole “scam” makes me crazy, and I wonder how some people sleep at night.

]]> By: Irene Hammond http://www.realestatecactus.com/2008/06/11/buy-and-bail-is-this-the-new-real-estate-trend/#comment-161 Irene Hammond Thu, 12 Jun 2008 17:13:30 +0000 http://www.realestatecactus.com/2008/06/11/buy-and-bail-is-this-the-new-real-estate-trend/#comment-161 Hi Jamie, The AZ Republic got their article idea from the WSJ http://online.wsj.com/article/SB121314811278463077.html?mod=residential_real_estate this was in yesterdays paper. If you look hard enough you will find people bucking the system in any market. Hi Jamie,

The AZ Republic got their article idea from the WSJ

http://online.wsj.com/article/SB121314811278463077.html?mod=residential_real_estate

this was in yesterdays paper. If you look hard enough you will find people bucking the system in any market.

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