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voluntary repossession

from p j deane (pjamesdean@earthlink.net)
I have heard that in a 'voluntary repossession' that the bank can choose 'to accept' it or not. Can anyone confirm? Also I believe that the owner is liable for all the mortgage interest up until the house is resold - though I imagine that some people stop paying as soon as they send in the keys?

Thanks

(posted 7593 days ago)

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