You can do what is called a Deed-In-Lieu of Foreclosure
The Property must be owner occupant, you do not qualify for any other loss mitigation tools
And you can not have any 2nd's or liens so that the lender can get a clear title.
Before you do this An Alternative, Call a HUD-Approved Counselor. A counselor can help you determine which options might be available and negotiate with the lender to work out a repayment program. Call 800-569-4287, weekdays between 9:00 am to 5:00 pm Eastern Standard Time.
[addsig]
You can do what is called a Deed-In-Lieu of Foreclosure
The Property must be owner occupant, you do not qualify for any other loss mitigation tools
And you can not have any 2nd's or liens so that the lender can get a clear title.
Before you do this An Alternative, Call a HUD-Approved Counselor. A counselor can help you determine which options might be available and negotiate with the lender to work out a repayment program. Call 800-569-4287, weekdays between 9:00 am to 5:00 pm Eastern Standard Time.
[addsig]