First, this forum is a great reference tool!
Here's my question:
1st with Wells Fargo with about 455k outstanding.
2nd with PNC, HELOC used to purchase (orig Nat City) with 82k.
House estimate on zillow 460k.
Always been current, always overpaid a little to principal. I expect to have a lot of cash in the bank in the next few months, but I have no interest paying off the negative equity. We will be moving in the next 6-30 months.
So, can I get PNC to settle out now on the 2nd, and what would be reasonable? 25%?
And if I sell the house for 460k, do I owe PNC anything beyond the 5k they would have left over if I live in a non-recourse state?