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Old HSBC Second Mortgage

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Back in 2007 we secured a second mortgage from HSBC. Of course 2008 happened and we lost our business and so much more. We stopped paying on the loan sometime in 2011. We did receive a a tax notice (1099C?) where they charged off the loan in 2014. We have never, ever heard from HSBC. Never once received a late notice, transfer of loan letter, collection agency letter or even a phone call. I am not naive enough to think the loan has been erased from the universe, We took out the loan they really struggled to get the paperwork correct. We went back 3 different times. It no longer appears on our credit reports. Does anyone have a similar experience? Any success with a settlement? I would appreciate any insight anyone might have about HSBC and what our next steps should be. 

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Are you still living in the house? Have you checked with the courthouse to see if they released the lien? They could have charged it off, but there may still be a lien on the house.  It fell off the credit reports likely because it was over 7-10 years old.  I would probably start with the courthouse or court records to see how it was handled.  At this point, why would you want to settle?

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Yes we are still living in the house. And thank you for your solid advice. Made a trip to the court house and sure enough they released the lien in May of 2018. Of course we were never notified of anything.   I am shocked it was released but happy just the same.  Thank you for your help!

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