Quote:
Originally Posted by onewhippedpuppy
If he's a university professor, I guarantee that he's not getting paid cash under the table. Also probably making a good wage, likely someone worth going after. You're not talking about a construction worker getting paid cash and working seasonally.
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Or a repossessor working for a variety of buy here-pay here used car dealerships.
Obviously you are correct though- in his chosen profession, he is 'go afterable', but the truth is that the mortgage companies pursue very, very few of these cases.
Throwing good money after bad is stupid...they know that as well as you and i my friend. If he doesn't have the money, he just doesn't have the money. And in some cases the costs to pursue offset the lost amount anyway.