Collector Trying to Collect Deficiency After Foreclosure
I left a condo in 2006 to go to foreclosure and moved abroad. The sheriff sale was in August 2007. I returned to the USA in May of 2010 and received 2 letters over the summer from a debt collector regarding their attempt to collect on my home equity loan. In December 2010, they attempted to contact me via telephone and even mentioned to my wife , who was also on the loan that the amount they are seeking was reduced from the original $24,000 to $17,000. Not sure what to do as we really do not have the money to repay this and assumed when we left , that the foreclosure would pay off the loans but as we now know this wasn't true for the 2nd loan.
Looking for advice what we should do.