Zillow Advice: Home Equity Loans - financial problems http://www.zillow.com/advice-thread/financial-problems/288731/ Zillow Advice | Zillow Real Estate move to florida. they can't ... http://www.zillow.com/advice-thread/financial-problems/288731/ move to florida. they can't touch you there. I would think, once its foreclosed , its foreclosed so the debt is gone. they had a chance to pay off the first to get the property but they didn't. So if you go to court, offer them a hundred dollars to settle the debt. if they settle, they will get the rest from the government and the remander will go on your taxes as income unless you are insolvent. if you are insolvent , you don't have to post the 1099 on your taxes. I'm not an accountant so recheck with your accountant.<br/>always answer their letters within 30 days with&nbsp; certified mail. you could drag them on past the 4 years so they can't ever sue you. Tue, 20 Oct 2009 05:47:00 GMT http://www.zillow.com/advice-thread/financial-problems/288731/ 2009-10-20T05:47:00Z If you wish to put everything ... http://www.zillow.com/advice-thread/financial-problems/288731/ If you wish to put everything behind you and come out from hiding, BK7 is a legitimate option assuming you fit the profile. &nbsp;It's designed to provide a fresh start and will require you also receive credit counseling. &nbsp;You need to consult w/ a <a href="http://www.zillow.com/mortgage-glossary/Bankruptcy/">bankruptcy</a> attorney to understand your options. &nbsp;Some things like child support cannot be discharged. &nbsp;However, most unsecured debt can. &nbsp;If you rec'd a summons and you do not respond to it, the plaintiff will receive a default judgment against you. &nbsp;Then, look out because they will start searching for your <a href="http://www.zillow.com/mortgage-glossary/Assets/">assets</a>. &nbsp;When they find your bank accts, they can attach these funds and have the bank fork over the funds. &nbsp;Living in fear and in hiding is a terrible way to live. &nbsp;Good luck. Tue, 20 Oct 2009 04:26:00 GMT http://www.zillow.com/advice-thread/financial-problems/288731/ 2009-10-20T04:26:00Z Is Citi 95,000 or 9,500?&nbsp;&nbsp;&nbsp; ... http://www.zillow.com/advice-thread/financial-problems/288731/ Is Citi 95,000 or 9,500?&nbsp;&nbsp;&nbsp; If Citi was attached to the house as HELOC and did not foreclose, they can still come after you.&nbsp;&nbsp;(unless that <a href="http://www.zillow.com/mortgage/">loan</a> was used to purchase the property as junion financing)<br/><br/>You can probably try to settle with them for pennies on the dollar.&nbsp; You should talk to an attorney. Thu, 15 Oct 2009 23:58:00 GMT http://www.zillow.com/advice-thread/financial-problems/288731/ 2009-10-15T23:58:00Z