Looking for advice on what my options are with a charged-off 2nd. RE is in the state of CT. The 2nd originated in 2005, was a 15-year loan so according to the statute, I believe it means I need to wait until 2040, to petition to have the lien removed. I ceased payments in 2011, and received a charge-off notice on $120k in 2018. The loan is no longer on my credit report. The debt has since been sold to a collector who has my cell phone number and calls weekly, I've never answered or returned a call. The house value is equal to the sum of the 1st and 2nd. No intentions of selling or moving. Unable to resume payments on the 2nd or payoff. I am willing to settle and looking for advice on my options. I know collectors pay pennies on the dollar for debt, what on average do collectors pay for mortgage debt - is it the same, around .07 cents on the dollar? What is reasonable and realistic to start the settlement negotiations, 10%? What do most collectors settle for? Thank you in advance for any expertise willing to offer their knowledge on this.