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How can we get rid of the home?

Posted on: 27th Jan, 2014 11:32 pm
Hello there... My house is underwater. We are also going through divorce and none of us want the house. How can we get rid of the home?
Hi Guest,

You can apply for a short sale or a deed in lieu of foreclosure in order to get rid of the property.

Thanks,

Jerry
Posted on: 28th Jan, 2014 12:49 am
Anything short of paying it off in full will result in a negative impact on your credit - Your options are limited
Continue to live there and try to short sale
Walk away and either negotiate keys for a deed in lieu or just walk away and let the bank foreclose

Good Luck
Brian Barnes
ENG lending
Nationwide Lender
Posted on: 28th Jan, 2014 09:15 am
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