Hi,
I have a Wells Fargo HELOC that is about to charge off. I was able to successfully modify my first with Bank of America, but it was the type of modification where Fannie Mae loaned me the past due balance. I owe about $176k, and Zillow says it is worth about $182k. My HELOC with Wells is $116k. I think they will charge it off, and have a collection agency hound me for a settlement. I spoke to a WF rep the other day, and he said they may pay off B of A, but I find that pretty unlikely. The home is in the Central Valley of California, and it is a rental I own.