Legal Question in Real Estate Law in Michigan

There is no simple way to give up the house. You will need to negotiate with the mortgage company. If you let the bank foreclose, you may be losing an opportunity to achieve a final settlement on the house as foreclosures do not settle the debt but merely give the bank an opportunity to recoup some loss and then come after you for the remainder in the future. If you would like to call me to discuss the matter, please email me via my website, www.LawRefs.com or directly at [email protected] and I will provide additional contact information.