I did a short sale and had a first and 2nd mortage. The first is 1099 me the diff. The 2nd only got 3k out of 75k and is saying they MAY take 1/2 on a payment plan. Just wondering if I didn't pay, how bad it would be. I live in Flrida so thet can't touch my primary or my pay check. If the send to a collection agency they will only get about 20% so I was thinking to offer them 30% or nothing. Comments ?