My dad was following strategies for settling second and their mailed offers slowly inched down to 20%. Then their letters stopped arriving about a month ago and now a letter from a local collection law firm has shown up. According to the court docs they officially filed on the 25th.
The house is up for Sheriff's sale on June 15th, and we are currently trying to get it delayed. This will be the second auction, as the first last year had no bidders. The second is for 20k and the house is underwater.
What is the appropriate play here now? He was hoping to get down to a 10% settlement offer, but now unsure of what to so.