voluntary repossession

hi steve,

Voluntary repossessions occur when a consumer has fallen behind on his loan payments, and decides to surrender the property rather than forcing the creditor to proceed with repossession.

hi steve,

welcome to the forum,


Voluntary Repossession is when a mortgage payer decides to vacate their home, and hand the house keys back to the Mortgage Lender, usually as a last resort when struggling to make repayments on their mortgage.