Before I Strategically Default, Can I Get A New House? Pwease?

Old news: homeowners strategically defaulting on their loans. New news: They first want to get financing for a new house.

It’s called “buy and bail” and people are trying to get rid of houses that are worth less than their mortgage and get a new one before their credit is ruined by the default.

`Buy and Bail’ Homeowners Get Past Loan Restrictions [Bloomberg]