repossession and black list

My friend has a house that she hasn't lived in for a number of years. Its worth half the value from the original price it was bought for. I want to know how she will go about to hand in the keys or even stop paying for the house. She has a full time job and wants to give the house back but is worried about what will happen and does the black list last for a long time. She has a mortgage with the Halifax the amount was £22 000 The house is now worth around £15 000 She has been paying for 7 years Please can you reply with advise as asap as it needs to be done very soon Many many thanks Dave Lucas CO Wendy White

[ Previous | Next ]