Posted on: 18th Oct, 2010 05:48 pm
Hello, My ex is no longer paying a morgage that i deeded to her in a divorce. The morgage is solely in my name she has not refinanced nor paid the morgage timely. Can I deed this home back to the bank?
Hi Guest!
Welcome to forums!
You can surrender the property to the bank. However, the bank will foreclose the property which will have a negative affect on your credit report. Your scores will go down by 250 points.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can surrender the property to the bank. However, the bank will foreclose the property which will have a negative affect on your credit report. Your scores will go down by 250 points.
Feel free to ask if you've further queries.
Sussane