I'm not sure why my thread got moved to the loan modification area but maybe if I elaborate this time it will stick.
July 2011 - stopped paying my HELOC
January 2012 - Wells charged off my loan and sent it to collection agency
April 2012 - I sent a settlement offer to the collection agency
August 14, 2012 - I received a letter from Wells Fargo stating that my "....correspondence to them has been received by the home equity executive office for review and response. Once this review is completed, you will be contacted with our findings before or by August 16, 2012..."
It's now a week past August 16th and I haven't received or heard from them.
I am following the strategy here to settle my 2nd. I'm wondering if the letter I received from Wells is a tactic to get me to call them. I'm in no hurry and have no problem ignoring them but on the other hand I am a little anxious to get this over with.