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Can I Give My House Back To The Bank? - Finance Q&A

When you get a deed in lieu on your house, you agree to forfeit all property rights, and you give up your investment in the property, transferring full ownership back to the bank. The bank then forgives you the balance on your mortgage, and you walk away and never look back.…

Can I Give My Home Back To The Bank To Avoid Foreclosure ...

You cannot give a house back to the mortgage company quite this easily. There is a process you must follow, and you must start the process before the foreclosure process begins. First, put your home on the market. Even if you know the home won’t sell, it shows the lender that you are ready to pursue all potential options to take care of your ...…