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Surrender or not ?

Posted on: 18th Aug, 2012 06:47 pm
I have been granted a discharge through Chapter 7. Wells Fargo is sending me all sorts of letters with various offers. I have vacated the property. Should I surrender the home or just wait for the foreclosure process? If surrender is the answer, what can I expect for that process? If not, should I notify my insurance agent that I have vacated the home?
Hi newbie,

You can surrender the property to the lender and wait for the foreclosure process to start off. You can surrender the property and request the lender to start off the process of foreclosure soon. You can inform your insurance agent about your surrendering of the property.

Thanks
Posted on: 19th Aug, 2012 08:33 pm
Hi newbie!

Welcome to forums!

In order to surrender the property, you will have to contact the lender and may have to sign certain documents. The lender will guide you through the process.

Feel free to ask if you've further queries.

Sussane
Posted on: 20th Aug, 2012 10:23 pm
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