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Saturday, October 17, 2015 12:50:37 PM
It's not that AP is trying to "walk away" from his mortgage.
Rather, it's like AP borrowed money from the bank to build a new house at 123 Main Street, and then halfway through construction he used the bank's money to quietly buy another empty lot up the street, all the while talking about how great the new house was going to be at its current location. Then, when the house was nearing completion, he ran out of money, so he had the house picked up and moved to his other empty lot and borrowed more money from another bank to finish it.
Then he told the first bank to go screw itself while he worked to find renters to start making money off the house.
"No, see, your money went to building the house at 123 Main Street. This house is at 127 Main Street. See? It has nothing to do with that other house. It's called a "related party transaction." Totally legit, happens all the time. What? I don't understand why you're so mad. It's not like I committed perjury or something!"
But that's just smart business right?
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