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    twebb272's Avatar
    twebb272 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 13, 2012, 06:34 PM
    cant afford my condo and cant sell it
    Life changes and can't afford my condo anymore. The bank sent information offering a modification which has been more of a nightmere than 3 other buying and selling of houses. Started the process in Jan and it is now July. Don't want to go through a foreclosure and market value is a good $20+grand less than I owe. Can I just surrender it back to the bank
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jul 13, 2012, 06:43 PM
    Only if the bank will accept it.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jul 13, 2012, 07:36 PM
    Agree, you may ask the bank, but why should they ? Are you offering to pay them additional money on top of it

    Have you asked them about trying to sell it on a short sale ?
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