Posted on: 30th Jul, 2009 11:03 am
I have a first mortgage with Wells Fargo Bank,fo 275000 the value has dropped to 120000, I just want to give themback the deed as it cannot be modified that much! Can I just get a lawyer and give them back thee keys? Am I liable for the decline of vaue and can they go after me for the deficiency!? The bank wants my tax return nad my other assets, can I avoid these by hiring a lawyer? I thpought mortgages are secured by the deed and if i give the the deed everything should be over!
Please check the answer in the other post