How can a debtor surrender a home to a lender that refuses to accept it?
Posted: Thu Mar 17, 2011 10:59 am
Ch 7 Debtor put Surrender in his statement of intent. He started a Short-Sale before filing his 7. His lender Aurora said if it didn't sell he could Deed in Lieu the property back to them.
The home is very upside down. It didn't sell. His CH closed with a discharge.
Aurora is claiming they can't Deed in Lieu the property without a letter from the Trustee or a Court Order.
We have shown them the Discharge Order and the Trustee's No Asset report.
They refuse. My client doesn't want a foreclosure and a bankruptcy on his record if he can avoid it.
How does he give them back the property?
Shawn
The post was migrated from Yahoo.