Here's the skinny: I own a cute house I want to stay in, but I owe $235,000 and presently it's worth about $150K. I have a $30K HELOC, non-purchase, fixed 8.25% with scoundrel bank Chase who won't return my calls so that I can reduce to prime. Suddenly it occurs to me, why not stop paying the HELOC? I'm easily underwater on this otherwise affordable house, probably for about the next 7 years. What can Chase do? I have followed the posts about defaulting on HELOC and understand the chronology of events, harassing phone calls, fall in credit, etc., but since my HELOC is non-purchase money, DOES THAT MEAN THAT CHASE CAN COME AFTER MY HOUSE IN 7 YEARS WHEN WE ARE ABOVE WATER? If I settle with chase in 6mos, IS THAT IT? DONE? I've already paid them $10K in interest and I still owe the original loan amt, so I am looking to be done with it so that we aren't still in this house in 10 years. (It's cute but small!) PLEASE ADVISE!! thanks!!