Posted on: 25th Apr, 2011 02:12 pm
I have a documented sailboat that I owe $40,000 on. I have tried to sell it for several years. Can I just give it to the bank ??
Hi phillipsfree!
Welcome to forums!
You can transfer the property to the bank who can sell it off in order to recover as much dues as possible. This may have a negative affect on your credit report and lower your credit scores as well.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can transfer the property to the bank who can sell it off in order to recover as much dues as possible. This may have a negative affect on your credit report and lower your credit scores as well.
Feel free to ask if you've further queries.
Sussane