Newsflash: Possible to buy using loan, but set things up so one can walk away clean if/when value goes down?

Is there some way to buy a house on a loan then move that asset and loan so that if/when the bubble pops and the value plummets it’s possible to walk away without recourse? The government has helped drive the run-up in prices would love to stick them with it on the way down.I’ve heard the idea of buying a new house then strategic default on existing one as a way to get out from under huge loan.Then there is the IRS bill for debt forgiven I believe?



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