If you have a HELOC or Home Equity Line of Credit that is either in default, unpaid, past due or written off with the lender/charged off as bad debt, the lien against your property will remain there, even if the lender is not reporting it on your credit report. Often HELOC mortgages that are unpaid or in default do not engage in collection practices, but rather wait for the borrower to sell their property in order to get paid. Just because the loan is not being reported on your credit report, does not mean it does not exist, nor that the lender does not expect to be paid in full.

At the Law Offices of Jacqueline Salcines, PA we have been assisting borrowers with settling the debt owed on Second Mortgages and HELOC loans for over 21 years. We have been successful in settling these suits for pennies on the dollar since often the HELOC Second Mortgage lender does not have their documents in order ( assignments, note, mortgage), the statute of limitations has expired or there is little to no equity on the property. Calculating the Fair Market Value is a very important step in the negotiation and it is important to hire the right professional to make sure repairs, and other significant value mitigators are taken into consideration.

When looking for a professional to negotiate your mortgage debt, make sure that the lawyer has significant experience doing so. At the Law Offices of Jacqueline A. Salcines, PA owner/attorney Jacqueline A. Salcines, Esq. is not only an attorney, but she is also an Accountant and realtor, which provides the necessary tools to determine value, comparative sales and equity. With over 21 years experience in the debt settlement/mortgage industry and 26 in the Accounting business, attorney Salcines and her knowledgeable staff can help you get the best outcome for your HELOC Settlement.

The first consultation is always free and can provide meaningful advice as to how to proceed to settle your debt. Consult today.


HELOC Home Equity Line of Credit Settlements
Jacqueline A. Salcines, Esq.

Law Offices of Jacqueline A. Salcines, PA

706 S. Dixie Highway

Second Floor

Coral Gables, FL 33146

Tel: 305 660 5280