We heard these types of transactions were in the marketplace for some time now. There are actual websites on the internet promoting and instructing people on how to “Walk away from their homes”. Shocking. Is walking away really the best option? As world banks sort through the credit crunch, credit is less available and credit scores need to be higher than in recent times. Foreclosure is one of the worst marks for a credit report. Walking away may seem like a suitable short term option; it has significant long term consequences. Now the “buy and bail” concept has gained popularity in the hardest hit markets. Any home owner who faces financial challenges should sit down and discuss their particular situation with a professional. There are options and solutions to most problems. See below for the recent article on the “Buy and bail” concept. "Great Homes @ Great Prices with Expert Guidance Along the Way" TM Don't Miss the Bus! TM © RepoHomeTourChicago.com - All Rights Reserved Trademark & Patent Pending | 
