So unfair!

During the housing boom I bought a condo in FL. The lender arranged a line of credit for the 15% downpayment. Since then I had to join the mass of people who had to let their home go. Even though Wells Fargo owned the mortgage and the LOC & the condo foreclosed, they are now after me for the LOC. Their point of view is that with the collateral gone [which they now own], I am still responsible for the LOC. The debt collector is now threatening to attach this LOC to other properties in my name & also to pursue wage garnishment. The maddening aspects are one, WF got TONS of money from our tax dollars & now they're using those dollars to pursue the very hands that feed them. Second, the collector told me herself, that because my credit report shows that I am responsible, pay off all my credit cards each month in full, & I am gainfully employeed, they are after me. She told me IF I had revolving credit card lines & not showing financial responsability [other than this foreclosure] they would not even take a second look at my LOC! So, I am being punished for being a responsible person!

My question here is just how much I should be concerned? I really do not care about my credit report. It is ruined already with the foreclosure. What is the procedure for them to take me to court & such? I now live in another state. Would I be required to go to court in FL when summoned? What kind of time frame am I looking at? The LOC is about $26K.

Thanks for any tips anyone can give me.