My question involves collection proceedings in the State of: Wisconsin
Haven't paid my second mortgage in over 10 years. Asked the lender what they would take as a settlement and they are offering 70% of balance.
All of the articles I have read state it is normally 5 to 20% asking. I know I may be greedy but I reached out to them as I have received no statements nothing for over 10 years.
Any ideas on how to negotiate lower? Do I send them a lowball figure and explain that I am willing to pay and this would save on foreclosure costs or a short sale if I decide to do such? Neither is going to happen but I am trying to really take care of this and as much as I haven't cared, neither have they as such with no contact. I figured any money they get from me would be nice.
Thanks for your help in advance.

