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Foreclosure Vs Deeding Back To Mortgage Co

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PDOTDOT

Junior Member
What is the name of your state? Indiana
What is the best way to get out of our mortgage? We can no longer afford to live there - they have raised our interest rate to over 11% because of our
history of slow pay. (no bankrupties in the past, foreclosures or repos.)
We have not made the March or April payments. Would it be better to just give the mortgage co back the house rather than face foreclosure? How much time can we buy living in the house w/no rent before it comes to foreclosure? (we are renovating another house to move into). Is this something that should be handled by an attorney, or can we do this with the mortgage co? I we give the deed back to the mortgage co, how long will this
stay on our record? Thank you for your advice
 



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