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How do u go about quit claim deeding your property back to m

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darnel56 Joined: 16 Feb 2008 Posts: 1 1.34 Dollars($)	Posted: Sat Feb 16, 2008 2:58 pm    Post subject: How do u go about quit claim deeding your property back to m Like 0 Dislike 0 I need to get out from under my mortgage before I fall behind. I need to know how to give the property back to the bank
larry Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)	Posted: Sat Feb 16, 2008 3:03 pm    Post subject: Like 0 Dislike 0 Hi Darnel, Welcome to the forum. See the bank or lender does not always accept the property back. But I think you should talk to your bank ASAP and inform about your problems. If they do accept the property back you should try to go for short sale. It will also hurt your credit less than DIL. Feel free to ask if you have any further questions. Best of luck, Larry
heavenhack7 Joined: 05 Apr 2007 Posts: 76 1.14 Dollars($)	Posted: Sat Feb 16, 2008 8:27 pm    Post subject: Like 0 Dislike 0 i agree with larry .bank or lender will not always accept the property. best idea according to me is sell the property . _________________ Manish Golecha(heavenhack7)
jheard Moderator Joined: 12 Dec 2007 Posts: 734 Location: Houston, TX 116.72 Dollars($)	Posted: Sun Feb 17, 2008 10:55 am    Post subject: Like 0 Dislike 0 The typical procedure to give a property to a mortgage holder to satisfy the mortgage obligation is a "deed-in-lieu".
charlesarmbruster Community Expert Joined: 12 Oct 2006 Posts: 169 Location: Chandler, AZ 43.85 Dollars($)	Posted: Wed Feb 20, 2008 1:05 pm    Post subject: Like 0 Dislike 0 Certainly, speak with the party that wrote your loan in the first place -- either your local bank or the broker. While you may be in a tight situation now, the lender may have alternatives for you. Remember, financial institutions make money while you are still in the contract -- if they can find a way to keep you in that contract, they will. I do everything I can to refinance clients when they are in tight spots -- otherwise, renting the property may be an option for the time being. GOOD LUCK!! _________________ Chuck Armbruster Phoenix, AZ payjunction chuck [on facebook]
J Johnson Guest	Posted: Thu Jan 14, 2010 1:19 am    Post subject: Deeding property back Like 0 Dislike 0 I became disable in 2004, so I had to move in with ( my then separate wife) I rented the property out ,but i'm no landlord and i'm not in conditon to be one. the renter are behind now. I need pay attention to my health. Can I deed this property back
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Thu Jan 14, 2010 3:31 am    Post subject: Like 0 Dislike 0 You can definitely deed back the property to your ex-wife. However, there are some states which require the grantees to sign the quit claim deed. If your state laws require, then you'll have to ask your ex-wife to sign the deed and make it valid. _________________ Good is the Enemy of Great.

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