[mavverikk8]

My father served as a cosigner on a private unsecured educational loan in 2002. I've fallen behind on the payments and presently that loan ($43,000) may be in collections. My dad tried taking out a loan and the bank told him there is a lien on his home. Is there any way that I can settle this debt and have that lien removed? My credit is not the best and I would like to settle this debt, hopefully for less than the amount above amount so that the lien on his home is removed. God I am concerned and worried. Any suggestions would be appreciated. Thanks.

[stevetcg]

You can certainly settle the debt and that would remove the lien. Whether you can settle for less than the full amount depends on who holds the debt/lien. I would guess not since they seem to have completed the process and have had a full amount awarded. Just they just have to wait.