Buy and Bail Can Kill Even the Most Qualified Buyer IN Escrow in Alameda

Buy and bail is the result of buying a new home with the intention of bailing on the old. It is considered mortgage fraud. A Borrower must have 30% equity AND two years of Rental Income to use market rents on their current property.

If you have questions comment below or give me a jingle! Please forward if you know someone who could benefit.

http://the-buzzz.com/2012/01/14/buy-and-bail-can-kill-even-the-most-qualified-buyer-in-escrow-when-moving-to-alameda/

http://www.youtube.com/watch?v=EnsY8p6ugG8&list=UUYaeeFGDw9mMlseItLXHf1A&index=1&feature=plcp