Q: How do I relinquish property I have no interest in? I have the deed but there is a mortgage that isn't in my name
I am on the deed for my deceased mothers house. I have no interest in it and the mortgage company is in no hurry to foreclose. Now I am being chased by the county for lawn maintenance and I'm concerned about property tax.
A: You have not stated who owns the property, which is critical. Assuming you own it, you can list it for sale as is. If there is no equity in it, then you can probably give a deed in lieu of foreclosure to the lender/mortgagee. But you probably need to hire a competent attorney to look at the title and see if it is salable first.
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