I'm seriously considering stopping payments on my Greentree HELOC. If I send a Cease and Desist letter, will this prevent them from showing up at the property? We do not live in the home, but we do have tenants in there & I would prefer that a Greentree rep not speak to them!
Also, what does it mean that the HELOC should be "underwater" before I consider stopping payments? We owe $17,600 on the first and $30,100 on the HELOC with Greentree. The market value of the property is approx. $42,000.