{"id":369130,"date":"2016-04-04T10:47:15","date_gmt":"2016-04-04T15:47:15","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/foreclosure\/giving-up-your-home-without-foreclosure.html"},"modified":"2024-04-26T13:45:15","modified_gmt":"2024-04-26T18:45:15","slug":"giving-up-your-home-without-foreclosure","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/foreclosure\/giving-up-your-home-without-foreclosure.html","title":{"rendered":"Walking Away From a Home To Avoid Foreclosure"},"content":{"rendered":"\n
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Walking Away From a Home To Avoid Foreclosure<\/h1>\n
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\n By FindLaw Staff<\/a> | Legally reviewed by Robert Rafii, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

A homeowner might want to give up their home instead of saving it from foreclosure. Many reasons or factors can impact this decision. Your loan servicer’s foreclosure prevention programs can’t resolve every situation. Maybe you’re not able to keep your home, or you don’t want to keep it. there Borrowers can consider other options to avoid foreclosure<\/a>.<\/p>\r\n

Factors To Consider Before Walking Away<\/h2>\r\n

You shouldn’t assume that keeping your house is always the best choice. You should think about whether:<\/p>\r\n