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Old 11-18-2008, 04:24 PM   #4 (permalink)
Ambling
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Re: Advice please!! Potential buy and bail?

I can't believe they didn't ask more about your existing home and what you plan to do with it. Are there still underwriters out there who don't know how to check if a borrower is underwater or not?

Be careful with this... when you go to close they'll present you with about 50 documents to sign that you've never seen before. One of them will likely ask a question that could come back to haunt you with an FBI agent knocking on the door.
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