What do we tell the bank,walking away from house

[kimba251]

How do I get the bank to release me legally?

[ready2live]

We are keeping the house too, but if we decide later, we can just walk away from it????

[AngelinaCatHub]

OK thanks. So we are not responsible for utilites we shut off if they turn it back on and rack up charges?

Until they actually repo this house, you still own it. Not my idea, only the law. You must protect that house as you are discharged and could be held responsible for damage by improper and reckless abandonment.

It is reasonable for you to winterize the place yourself. Get with the bank and get them to release you legally. If pipes freeze or derelicts get into the place and gut it, you may not be off the hook.

It is not difficult to winterize and not expensive. Turn off the Water tank, drain it out with a garden hose, open all faucets. If you can, blow the lines with an electric air pump. Put a little antifreeze down the drains, drain the toilets including the water in the toilet bowl. Blow some antifreeze into the water lines if you can.

'Hub

[keepmine]

OK thanks. So we are not responsible for utilites we shut off if they turn it back on and rack up charges?

No-once you disconnect utilities, future charges to that address are not your responsibilty. Good luck with the move!

[kimba251]

OK thanks. So we are not responsible for utilites we shut off if they turn it back on and rack up charges?

[keepmine]

If you're moving on, tell 'em the truth and ask where they want the keys mailed.
Cancel the utilities the day you move out and let the bank know the date. What they do is their business-not yours.
I'd do all of this in writting sent CRRR so you have a recors of when you requested the utilities be disconnected.

[kimba251]

Chapter 7 discharged Sept 2008 and although we originally planned to stay we are moving out this weekend. I am going to call bank today to tell them but what do I say?
Do I need to mail them keys?
Should I also send a cert letter? (what should it say if so?)
We are turning off electric and water monday after weekend. It is going to get cold here soon and we will be in another state. Does bank winterize the house?
Who is responsible for a water and electric bill if bank turns those back on after we leave?

Thanks again, this board has been a much needed lifeline