I live in Nevada.
2006-09-22 08:57:27 · 2 answers · asked by niketattman23 1 in Business & Finance ➔ Personal Finance
It is very doubtfull unless the sale of the property will not cover the amount owed. You should contact your lender and see if they will accept the deed to the house to prevent foreclosure. Obviously you will have to find somewhere to live, but foreclosure will not benefit you or the lender. You also should have your house listed and try to sell it before it is foreclosed on.
Bankruptcy may delay you getting evicted, but the bank will get the house if you can not pay the mortgage. Bankruptcy is more helpful in dealing with unsecured debt.
2006-09-22 09:04:18 · answer #1 · answered by VATreasures 6 · 0⤊ 0⤋
not if you file bankruptcy...I know its not the best thing to do but sometimes the circumstance warrants this action.
2006-09-22 16:03:43 · answer #2 · answered by Kat 1 · 0⤊ 0⤋