Give me a break Bill. I was simply asking why this idea wouldn't work, and I found it. It's not like I'm trying to get BP members to conspire to deal drugs here.
As for being based in reality, well, I disagree with you there. It's definitely feasible. In fact, I'll go ahead and say I take zero credit for the idea. A couple years ago, I heard from a friend of a friend that there was a guy in Arizona doing a version of this. It was working so well that banks were offering him "cash for keys" repeatedly to move him from properties. They didn't try to sue him because it wasn't illegal, it simply became routine, and he was making money hand over fist. Now, that's the STORY. For all I know, it's made up. Or maybe he's in jail now... lol. I didn't know what to expect when posting this idea on BP, I expected to catch a little flak, but for all I knew somebody could have jumped in and been like "Oh yeah, that's a perfectly legit strategy, totally legal, lots of people here do it, it's called XXXXX."
But regardless, because I asked the question, I learned all kinds of new information from the knowledgeable members here, and I learned enough to know that even if it could work from time to time, it would be unethical for several reasons OTHER than being an inconvenience to the banks.
