I am curently going through a divorce which will be finalized on 5/31/11. I join

  1. profile image48
    GP58posted 7 years ago

    I am curently going through a divorce which will be finalized on 5/31/11. I jointly own property...

    with my spouse which also includes a 2nd mortgage. When the divorce is finalized neither my spouse or I want the property and intend on walking away from the property and let it enter in to foreclosure. Is there anything I need to do in this process or can I just walk away and let the banks take over the property?

  2. bethparker profile image82
    bethparkerposted 7 years ago

    All you have to do is stop paying.  The bank will take it over sooner or later, whether you do anything else or not.

 
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