new bankruptcy laws ohio
With Ohio new bankruptcy laws, can I foreclose on my home for maintenance reason and keep my exc. credit rate?
Not really worrying about credit, actually, can always get that back. I just want to get rid of this house for the amount owed, which I don’t think I will get it for this neighborhood if I were to sell it.
I would consider discussing a deed in lieu of foreclosure with the lender. It will hurt your credit but you won’t have filed a bankruptcy case.
Right now, lots of foreclosures are pending and lenders seem to be relatively understanding, especially in states like Ohio which have been hard hit economically.
