can you vountarily surrender a mortgaged property? | Sell Property Quickly

can you vountarily surrender a mortgaged property?

Posted under Sell Property Quickly by admin on Wednesday 29 April 2009 at 9:21 am

i need to move quickly and cannot seem to sell my house. i am on a interest only mortgage. can i just volunteer to surrender the property back to the mortgage company? if i do what happens then?

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Comment by citronge — April 29, 2009 @ 9:21 am
Yes its called a "Deed in Leu" contact your current Mortgage Provider and let them know that you want to surrender the property.

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