http://blog.foreclosure.com/2009/09/toxic-titles-banks-now-walking-away-from-foreclosures-video/ Distressed Real Estate News and Opinion Thu, 02 Feb 2012 16:42:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://blog.foreclosure.com/2009/09/toxic-titles-banks-now-walking-away-from-foreclosures-video/comment-page-1/#comment-26025 Dave Massey Wed, 23 Sep 2009 14:11:04 +0000 http://blog.foreclosure.com/?p=2236#comment-26025 We have the same problem. Our bank just walked away from our loan. We owe $120,000 to HSBC they do not want the house anymore. We moved out thinking the bank would take the house. We need some advise on this. We are not sure what to do. One lawyer said we should rent it out. But the house needs repair, we do not have money for the repairs. We really don`t want to get into the rental bussiness. City said we have to take care of the house like cutting grass and snow removing from the sidewalks. I am worried they will want us to pay back taxes. What can we do. can anyone help us. We have the same problem. Our bank just walked away from our loan. We owe $120,000 to HSBC they do not want the house anymore. We moved out thinking the bank would take the house.
We need some advise on this. We are not sure what to do. One lawyer said we should rent it out. But the house needs repair, we do not have money for the repairs. We really don`t want to get into the rental bussiness. City said we have to take care of the house like cutting grass and snow removing from the sidewalks. I am worried they will want us to pay back taxes. What can we do. can anyone help us.

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