Tag archive for ‘surrendering real estate’
What Is The Difference Between Surrendering A Home And Foreclosure?
by Moderator on 5/06/10 | 1 Comment(s)
What is the difference between surrendering a home and losing a home to foreclosure? Many consumers are confused by the interplay between surrendering a home in bankruptcy and foreclosure. When you file bankruptcy and surrender a home, you give the property back to the lender. When a lender forecloses on your home due to non-payment, they [...]
I Bought Investment Property That Has Plummeted In Value, Should I File Bankruptcy?
by Moderator on 5/05/10 | 0 Comment(s)
We’ve devoted alot of attention on the National Bankruptcy Forum to homeowners who find themselves owing more than their homes are worth. These people are generally classified as being “underwater.” It is difficult enough when you find yourself underwater on your primary residence. The problem is compounded when an investment property has also plummeted in value. [...]
Can I surrender out of state investment property by filing bankruptcy locally?
by John O'Connor on 11/10/09 | 2 Comment(s)
You’ve recently moved. You’ve found a new job, schools for the kids and a new favorite watering hole. One problem lingers…….your out of state real estate. Whether its an investment property or an old family home that didn’t sell, many people these days find themselves burdened by out of state real estate. In North Carolina, [...]
