How can a debtor surrender a home to a lender that refuse=
Posted: Thu Mar 17, 2011 11:22 am
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He deeds the property to Dead End Properties, Inc. and forgets about it.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
shawnswhite
Sent: Thursday, March 17, 2011 10:59 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] How can a debtor surrender a home to a lender that refuses
to accept it?
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
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Message
He deeds the property to
Dead End Properties, Inc. and forgets about it.
David A.
Tilem
Certified Bankruptcy
Specialist*
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