HP'ers have been talking about this one for years.
Well, that's one way to get rid of the unwanted inventory.
You'll see cars on fire too (especially realtor-owned Lexus's and homedebtor-owned Hummers)
Note to desperate homedebtors - before you torch your debt-trap, you need to come up with a plausible cover story. Better yet, have your REALTOR do it for you - they'll do anything for money.
FORTUNE: Will foreclosures spark an arson boom? - As homeowners get more desperate, the insurance industry is bracing for an increase in arson.
Faced with foreclosure on her Russellville, Indiana home, Christina Snyder allegedly concocted the kind of plan that now has insurance executives on edge.
According to the county prosecutor, the 31-year-old Snyder allegedly offered to pay a neighbor $5,000 to help her burn down her house and make it look like a botched rape attempt - all in order to claim $80,000 in insurance money. Snyder wanted the neighbor to bind her hands in duct tape, write "whore" on her shirt, and then help her escape once the blaze was set, the prosecutor says.