With Ohio new bankruptcy laws, can I foreclose on my home for maintenance reason and keep my exc. credit rate?

Not really worrying about credit, actually, can always get that back. I just want to get rid of this house for the amount owed, which I don’t think I will get it for this neighborhood if I were to sell it.

This entry was posted on Tuesday, September 30th, 2008 at 12:28 am and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

2 Responses to “With Ohio new bankruptcy laws, can I foreclose on my home for maintenance reason and keep my exc. credit rate?”

1. spiritwalker Says:
   October 3rd, 2008 at 5:51 am

   ah when you file bankruptcy there goes your credit, right out the window.

2. DLeibowitz Says:
   October 3rd, 2008 at 11:40 pm

   I would consider discussing a deed in lieu of foreclosure with the lender. It will hurt your credit but you won’t have filed a bankruptcy case.

   Right now, lots of foreclosures are pending and lenders seem to be relatively understanding, especially in states like Ohio which have been hard hit economically.