 Re: Heloc
Your must realize that settling a HELOC will only be viable if it looks to the bank that the first or second is going to foreclose. Depending on the situation, I would think twice about what you have to endure from a credit and emotional standpoint before going through the process just to save ten or twenty thousand dollars. It may or may not be worth it. That having been said, what is your property worth? How much do you owe? Have you tried to get your loan(s) modified? If so, are you looking to do a short sale? I would do a lot of research and soul-searching before "pulling the trigger" and make sure this is in your long-term best interest. |