Help: How to get rid of a Class D for free?

[Bogdan Cirlig]

This one story a friend of mine is going through had me scratching my head too.

She owns a SFH in a neighborhood that turned bad, bad over the past 2-3 years. She paid 80k for it back in 2005 and had Sec 8 tenants for several years with no issues. Now she can't even sell it for 10k. She tried to give it for free or donate to the church and take a tax write-off plus loss write-off. None wants it. The situation is pretty bad:

- the city keeps issuing fine over fine for things like grass or "tire in the driveway" or what not like there's a cash pinada

- she didn't have one tenant in the past 3 years, not even Sect 8 wants to rent there

- paying taxes and insurance and what not. all current though.

- it's not a drug zone but just a bad patch with unemployed peeps doing nothing productive so to speak

She wants out, really bad, ready to write off the loss just to stop losing more money every month. She considered foreclosure but the state will allow for deficiency judgement and the bank will come after her.

I don't know what to tell her, what can she do to get out?