Mortgage

[nomore008]

I have a question:
If we surrender the house in BK, how will we know when the house is taken out of our names?

We want to keep the house but on my income we can not afford the mortgage and car payments. I need the car to get to work and we can find an appartment with in a payment range of my income.

Thanks

[tcreegan]

title till foreclosure

You remain on the title until the foreclosure process takes you off. You can also call your lender and request a "deed in lieu of foreclosure" where you sign the title over to them. Some lenders will pay $$ for doing this and leaving the house early and ready for market. Sometimes called "cash for keys" Definitely something to ask about!

Tom in Colo