This hilarious comment comes from the comment section at the AZ republic from an article on foreclosures. I wonder how many other people will use this "strategy":
I will be letting my home in Surprise go into foreclosure as soon as my new cheaper nicer home is completed and closed. It is a stratigic move to get me out of a f'ed up sitiuation that my "friends" in the mortgage and realestate business helped me get into. My house appraised for $325k over 2 years ago. I owe the full ammount! Now my same "friends" tell me I can sell my house for $225k! I'm going to shove this house right up the Bank's back door. The property I bought with the equity in my house sold and put $175k in my pocket. I'm paying cash on a new build that I'm stealing in this market. The builder is eating out of my hand and sucking up to me like never before. He is my (inappropriate term) because I have the cash in hand and I can go wherever I want to buy a new house and he knows it. I'm going to pay cash for a new "fringe" home in Pinal county. Screw the banks and their BS interest. Now I can save for retirement at an increased rate then sit back and watch the sparks fly. Our vehicles are paid for and we have credit cards with zero balances on them. So I could give a dam about a credit score any more.