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Updated over 16 years ago,
BUY-and-BAIL is a rapidly growing real estate STRATEGY
The buy-and-bail is a rapidly growing real estate strategy in which homeowners who are underwater on their home quickly buy a new home at today’s low prices and allow the old home, with the inflated mortgage, to go into foreclosure. :shock:
http://www.nuwireinvestor.com/blogs/investorcentric/2008/06/buy-and-bail.html