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Foreclosure

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rhv1104 Guest	Posted: Mon Mar 21, 2011 7:32 am    Post subject: Foreclosure Like 0 Dislike 0 My wife owns a home,which has been vandalised the insurance company does not want to pay the claim because the house was vacant for over 30 days. The home would cost more to fix then it's current value. Can we quit claim the home to the lender against the will of the lender? They have tried to sell it at auction,with no bidders. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Mar 21, 2011 7:37 pm    Post subject: Like 0 Dislike 0 Hi rhv! Welcome to forums! You can surrender the property to the lender with the help of a quitclaim deed. However, unless the property is sold off or someone assumes or refinances the loan, the mortgage will remain in your name. Feel free to ask if you've further queries. Sussane

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