Posted on: 14th May, 2009 02:43 pm
Condo in foreclosure. Morgage co refused the short sale I had set up. I have moved out of there. Want to turn property over to bank. What do I do next? Do not have the amount asked for by insurance comapny when I talked to the mortgage company How can I get rid of this place?
Hi marypinette,
A bankruptcy should be your last option. Have you tried to modify your loan to make your payments affordable? This can help you keep the home and avoid a foreclosure. But if you are keen on leaving the property, you can do a deed in lieu of foreclosure.
A bankruptcy should be your last option. Have you tried to modify your loan to make your payments affordable? This can help you keep the home and avoid a foreclosure. But if you are keen on leaving the property, you can do a deed in lieu of foreclosure.