Loans, Debt & Credit - View Single Post - Letting Home go in California. Will I still owe the Home Equity Line of Credit?

misfitdevil99 · 02-18-2009, 07:58 PM

Ok, so i'm stuck with the HELOC. Fair enough. If the house forecloses (which it will) at what point do i tell WAMU or do I? Should i stop paying the HELOC payments now (which are interest only)? Should I call WAMU to try to negotiate a settlement? Will they? If they do, I owe $64,000, what do you geuss they'd settle for? I know this is a lot of questions guys, but i sure appreciate your input. Thanks!

02-18-2009, 07:58 PM	#14 (permalink)
misfitdevil99 Junior Member Join Date: Feb 2009 Location: California Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Letting Home go in California. Will I still owe the Home Equity Line of Credit? Ok, so i'm stuck with the HELOC. Fair enough. If the house forecloses (which it will) at what point do i tell WAMU or do I? Should i stop paying the HELOC payments now (which are interest only)? Should I call WAMU to try to negotiate a settlement? Will they? If they do, I owe $64,000, what do you geuss they'd settle for? I know this is a lot of questions guys, but i sure appreciate your input. Thanks!