Home Value Highwire: "GAITHERSBURG, Md. - A Maryland woman is among the thousands of people losing their homes to foreclosure. But she's actually using the situation to her advantage. While she foreclosed a couple of years ago, she's still living in the home - and paying nothing"
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She's been living in this $400,000 home for 42 months and hasn't paid a dime on the mortgage. She expects to drag it out another month or so before Wells Fargo gets her butt out. It was a no-document loan. She was making less than $32,000 per year.
She says, "It just means that I'm smart."
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