Updated almost 5 years ago on . Most recent reply
Can I just forfeit a property?
I have a property in Detroit that I'm leaning towards walking away from but since my buyers backed out for tenant-related reasons I'm stuck. Can one just forfeit a property? No mortgage and in decent condition.
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Bill B.
#2 Tax, SDIRAs & Cost Segregation Contributor
#2 Tax, SDIRAs & Cost Segregation Contributor
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Bill B.#2 Tax, SDIRAs & Cost Segregation Contributor
#2 Tax, SDIRAs & Cost Segregation Contributor
- Investor
- Las Vegas, NV
Sell it to your tenant for a months rent. Or tell them if they make 5 rent payments they can have the house.