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-   -   Is it a good idea to deed property back to bank,when home is abount to go into forclo (https://www.askmehelpdesk.com/showthread.php?t=166511)

  • Dec 28, 2007, 11:43 AM
    jaime olvera
    Is it a good idea to deed property back to bank,when home is abount to go into forclo
    I have a relative facing forcloser I was wondering if it woul dbe better to deed property back to bank would it help him a s far as his credit report. Thanks
  • Dec 28, 2007, 12:16 PM
    excon
    Hello jaime:

    It doesn't make any difference. The bank will continue foreclosure proceedings.

    excon

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