Can you walk away from or give back your condominium...

Submitted by YoungWalthall from OH - 07/03/2009 - 8:45pm

Can you walk away from or give back your condominium to the lender/mortgage company without going into forclosure? I have never been late with my mortgage payments or condo fees. I just want out of this property as quickly as posible. The condo is in Cleveland, Ohio and it needs some work.

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Comments

Submitted by Sean - 07/05/2009 - 10:03am

You could ask the lender if they'd be willing to accept a "deed-in-lieu" of foreclosure, that would accomplish what you wish. Outside of that you should speak to a Realtor and try to get it sold. Even if you owe more than it's worth a good Realtor should be able to help you unload it.

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