»»»»»»»» Today Show Video from November 12, 2008 About Homeowners Who Just Leave Their Houses for Foreclosure and Buying New Houses…

This Today Show video from Nov. 12, 2008, was a trip — about “buy and bail” people who buy a new, cheaper house while their credit was still good, then bailed on the old house they no longer could afford or sell.


One guy named Tim bought two houses, got laid off, then bought a bargain townhouse and left the first two go to foreclosure. He was so ashamed, he didn’t show his face in the Today Show interview.


Good thing this type of thing is changing, their making people prove their can afford what new house they buy.

Watch Today Show video about “buy and bail” people ditching their homes they can’t afford: