Do I have to wait for forclosure to get rid of a 2nd house in ch 13

[k3uhf]

I do not qualify for ch 7. I have a 2nd house that is 50k underwater. If I rented it out it would still be a loss of 500 a month. I am consider ch 13. Do I have to stop payments and wait to be foreclosed on to get rid of this house? Or can it be surrendered in a chapter 13?

Thanks

[newbie2]

You can surrender it in a Chapter 13, no need to wait. Good luck to you.

[hanginginmd]

Have done this myself. The bank still treats it as a foreclosure, doesn't really speed the process up

[debtinohio]

You surrender it in the 13 but the bank will go through the entire foreclosure process to clear the title.

Of course, you could rent it during this period...