positive equity rental,return to bank

Hi ae,

If you're facing hardship in paying the mortgage dues, you should contact the lender and apply for a deed in lieu of foreclosure. If the lender is convinced by your hardship, he will accept your request. This will help you in getting rid of the property and you won't be liable for paying any balance amount to the lender.

Thanks

why can I not just return the keys. Should be no charge off since I have positive equity. Thnx

Hi ae!

Welcome to forums!

Your query has been replied to in the given page:
http://www.mortgagefit.com/problems/deedinlieu-returnkeys.html

Take a look at it. Hope it helps you.

Sussane