[CommandoFrank]

My question is "how do you collect that kind of debt from someone who has no money and will never get that kind of money in their life? Remember, plenty of these homes were bought 'no money down'.

Will their credit be ruined if they declare bankrupcy. Oops, what credit?

[Excuse_My_Bellicosity]

I would think that it would be pretty tough to collect from somebody who has a hundred bucks in the bank, lives in Section 8 housing, and has no credit rating.

I guess it's like the student loan consolidation warehouses that have sprung up everywhere. If you get enough people to pay you $20/month for their whole life, it's profitable to do it.