I took a heloc(2nd) from hsbc and stopped paying it since march 2010. My first loan is also with HSBC (since 2005) and i am current on that payment. The loan shows zero balance on my 2nd mortgage on HSBC's web site.
I am getting continous calls from a collection agency. 1st loan is 162000 and 2nd is 70000. House price currently is 158000. Please advice, if i start to settle my second with the collection agency since it is already upside down.
Any replies are appreciated.