heloc wirtten off as bad debt a year ago can we settle even if we have equity??heloc written off as bad debt last year with First Horizon, transferred to Green Tree. looking to sell our house and was curious if we could try and settle our heloc before we sell our house and turn to make extra money for a new down payment?? owe 108k on the first, 31k on the second and house is about 180k. green tree said today that we might be able to settle for half, thinking that we could make some extra money that way and that it wouldnt do much to our credit since it is already written off aas bad debt, thanksApril 28 2011 - Kansas City00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.