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rental property owe too much cannot maintain

Date: Tue, 08/03/2010 - 07:04

Submitted by malibu6453
on Tue, 08/03/2010 - 07:04

Posts: Credits: [Donate]

Total Replies: 2


If I have a rental property and no longer can afford to maintain and keep it but owe too much on it. What is the most prudent way to communicate with the bank. Some have suggested to sign the property over to the bank in lieu of foreclosure. Does anyone have a better solution?