Do you think this is shitty or smart?

[Cracker]

And if by chance they only have a 15 year loan, they'd be fucking fools to bail with only 3 years left.

Did you notice . . . nowhere in the story was there any hint of trying to negotiate or modify the loan?

For that matter, no mention of the type of loan.

Odd.

Why would they modify? They want to get a bigger, nicer house for half of what they still owe on the house they have now. THEY didn't lose their house, a bunch of their neighbors did. Now the neighborhood is half ghetto.

What part irritates you? They are trading up. They just aren't too concerned if whomever they lease to keeps up the payments.