QUESTION
I had a home equity line of credit and it is showing "charged off", do I still owe the debt, can they still put a lien on my house?
Asked on Feb 08th, 2023 on Collections - Florida
More details to this question:
They closed the account and charged off the debt because I was behind in their opinion. The bulk of the past due amount was fees and I had tried to talk to them about some forgiveness on the fees but I couldn't get anywhere with them so I just kept making payments. I didn't realize until last year they had charged it off in 2015, I was still making payments. Since it is charged off do I still owe?
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
If you have a HELOC there is likely already a lien on your house. A charge off is simply means of claiming the debt is not collectable and is not a waiver unless you got a 1099 for the debt value. They will likely sell to someone else that may foreclose or otherwise sue to collect.
Answered on Feb 09th, 2023 at 11:09 AM
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