“Buy and Bail” on CNBC with Steve Hawks
Jun 14th, 2008 | By
Steve Hawks) | Category: Las Vegas Foreclosure News, Las Vegas Real Estate Video
If you have been keeping up with the latest questionable “buy and bail” foreclosure trend from Mr. Steve Hawk’s previous posts, then you already know what this practice is. However, you may have a few questions that remain. Thankfully, Steve was interviewed on CNBC regarding this issue and is here to shed some light on this subject impacting not only Las Vegas Real Estate, but also across the nation.
Las Vegas Real Estate Update co-host Steve Hawks of RE/MAX Platinum is featured on CNBC national television discussing homeowners who “Buy and Bail” on their mortgage. Homeowners who are currently upside down on their mortgage, but still have good credit buy another home for thousands less than their current home, and then let the bank foreclose on their previous property. Could this be an epidemic across the country? Watch Steve and find out. Excellent information here. Great job Steve!
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