Loan Modification Forum - LoanSafe.org - View Single Post

seijimo · 06-10-2009, 05:57 AM

I read a thread on another blog that CW/BofA is settling 2nds and HELOCs....not modifying, but settling.

I just settled 10 credit cards with $140,000 in balances for $0.28 on the dollar. Got the credit card companies to settle for $39,000 saving me over $100,000.

Still have some money left over to potentially settle my CW HELOC that has a $98,000 balance.

Does anyone have any knowledge of CW/BofA actually settling 2nds or did I just catch a nasty rumor on the internet?

Thanks in advance for your feedback. Much appreciated!

06-10-2009, 05:57 AM	#1 (permalink)
seijimo Junior Member Join Date: Jun 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	CW/BofA Settling HELOCs and 2nds???? I read a thread on another blog that CW/BofA is settling 2nds and HELOCs....not modifying, but settling. I just settled 10 credit cards with $140,000 in balances for $0.28 on the dollar. Got the credit card companies to settle for $39,000 saving me over $100,000. Still have some money left over to potentially settle my CW HELOC that has a $98,000 balance. Does anyone have any knowledge of CW/BofA actually settling 2nds or did I just catch a nasty rumor on the internet? Thanks in advance for your feedback. Much appreciated!