I have been offered a 10% settlement

[thomegunn]

In the near future (8 to 10 months) I expect to receive a judgement against me for a foreclosure on two properties. I have not heard anything from Chase Bank about the primary mortgages, but I have been getting letters and phone calls for years on the HELOCs attached to those mortgages. In the mail today I received offers to just pay 10% of the total of the HELOC and that will be the end of it. I am wondering if it is true or some kind of trick just to get some kind of money from me. What do you think?

[catleg]

Depends on whose letterhead the offer comes from.
You'd want to know they really own the debt and/or are authorized to discuss a settlement.
If they're for real they probably won't mind answering, if you get pushback, it could be a scam.
A lot of this info is public record, therefore, accessible to flim flam artists.