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Scott De La Bruere's Advice

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Scott De La Bruere wrote:

2nd morg (equity line of credit) just got a letter of charge off amount due in full by the lender,,,

Answer
Talk to your lender and let them know.  If you do not have equity, the lender might work something out with you. The lender has to know or they will figure that you are not going to pay and will start litigation to get their money. It is always better to work with them rather than have them work against you.
April 20 2012
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