So within the policy the CV is unaffected by loan taken against the CV as collateral however it does affect the net surrender value and death benefit because at death or surrender the the policy owner would receive the net between CV - loan balance remaining - surrender cost (if any).

Generally, people aren't going to voluntarily surrender their property over to someone else unless they are distressed.

(See pic of one of the homes)We have had several portfolio lenders look at the rotating package of homes and it is never the borrower or the income, they just balk at the closing table over it being a manufactured home that is now permanently attached and surrendered to the land and made part of the deed.

Some counties also require a sizable deposit that is refunded to unsuccessful bidders upon surrender of their bidder cards.

But watch out for the surrender charges, it might be steep...

And with such assurance, comes hard work, never give up never surrender and there is only one way to go...

(Y)"Resigned" means the license status in which a license has been voluntarily and permanently surrendered to or is otherwise in the possession of the division of real estate and professional licensing, may not be renewed or reactivated in accordance with the requirements specified in this chapter or the rules adopted pursuant to it, and is not associated with a real estate broker.

I will simply leave that alone.To imply that the solution to a fraudulent loan application which would include a likeliness of a fraudulent purchase and sale transaction is simply some surrender of the property seems to stand on the other side of reality and ignores all other implications of what you are suggesting in the first place.

If you try to not pay AND not surrender the asset, then you are violating your ethical requirements, so people who hire lawyers to slow down foreclosure, or play other dirty tricks - they are showing unethical behavior, but simply doing the math and living up to 'option 2' feels less and less like 'bad ethics' to me.

"When one roommate leaves and one or more others remain in tenancy, the entire deposit will be held until the apartment is vacated and surrendered to the owner.