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    909298's Avatar
    909298 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 18, 2008, 08:09 AM
    Selling home back to bank
    I owe more on my mortgage than I can expect to get if I put it up for sale and it actually sells. My mortgage is too high for me to continue to pay. I don't want to foreclose, but I can't make any more payments. I want to deed it back to the bank.

    I need to know the process and how long it takes and also, what does this do to your credit score?
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
    		  
    #2

    Jan 18, 2008, 10:06 AM
    You are going to find out that banks don't buy homes, especially from their borrowers. I would talk with a real estate agent and get a second job until I could sell the property.
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