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    jaime olvera's Avatar
    jaime olvera Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 28, 2007, 11:43 AM
    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
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Dec 28, 2007, 12:16 PM
    Hello jaime:

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

    excon
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