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Old 05-04-2010, 09:30 PM   #23
puckluck
Lifetime Suspension
 
Join Date: Mar 2010
Location: Easter back on in Vancouver
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Quote:
Originally Posted by Hack&Lube View Post
So the straw buyers got screwed in this? I had assumed they made money as well. How do these guys offload these houses afterward?
They don't. They will rent out the house and pay the mortgage for a few months and then just bail on the house when their money is secured.
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