Legal Question in Bankruptcy in Florida

Can you surrender rental property without what out filing bankruptcy


Asked on 12/06/11, 6:24 pm

1 Answer from Attorneys

Jennifer Cintron Kolb, Cintron & Associates

The question appears to be: Can an owner of rental property surrender it without filing bankruptcy. If you are the owner of the property, and you have a mortgage on the property, and you wish to give the property back to the lender, you may be able to do this with a deed in lieu of foreclosure. If there are renters on the property, you may still offer the lender a deed in lieu of foreclosure, but there may be consequences for breaking any existing rental leases.

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Answered on 12/07/11, 9:01 am


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