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    stckntpa's Avatar
    stckntpa Posts: 1, Reputation: 1
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    #1

    Apr 25, 2008, 07:36 PM
    Give it back to bank?
    I want to walk away form an investment property and be done with it. Losing 900 a month with a tenant. Don't want to go bad on primary, cars, student loans, or anything.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Apr 25, 2008, 08:17 PM
    Thought I just answered a similar question??

    But you call the bank up and see if they will do a deed in leu of foreclosure. If they will agree, great you have no problem with the bank.
    But why not merely sell the property and pay the bank off.

    Now most likely they will not, and if they foreclose it will be harder for you depending on the terms of the loan.
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