Quote:
Originally Posted by Locke
I'm generally in agreement with your position, but in fairness, we may know that because Jon just told us, but I'd wager the vast majority of people in these situations dont know that.
They'd think:
"Oh crap, I'm being sued, I need a lawyer. I cant afford a lawyer! Come find me suckaaas!!!"
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Well that is the general issue with regard to the risk of buying these portfolios of debt. Like if you or I were to be served with papers today we call a lawyer or generally deal with the problem. Like CHL says above though, these people basically respond to extortion and not a lot else. So while the tactics shown are crazy and outside the law, that's basically the only way to get paid if you own the debts.