Andy,(posted 7807 days ago)Presumably you're talking about a shortfall left after repo. From other postings on this site it appears that most settlements fall between 5% and 10%, so I would start with 5%, but make sure they have justified the full amount of the shortfall first (see the 'Do's and Don'ts section on the Home Repo site). Also make sure when you get a settlement it covers the whole amount,that is to say it includes any monies paid out by an insurance company under a MIG (if applicable), see my earlier posting entitled 're Settlements'. I also believe you can get a 'Certicate of Satisfaction' as proof (not quite sure if that's the right name though). Hope this helps.
Mark.