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Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Need Help with a deed in lieu of foreclosure AKA Take this Home & Shove It! You are not alone. We thought we would add this section to the forum to assist the homeowners that have made the tough decision to walk away from their homes. This is America and you have the right to walk away from contracts and your home. The question is what implications will you suffer for saying, "Take this home and shove it, I aint paying you no more!" Find out the good, the bad and the ugly.

This is a discussion on Home Owners Insurance within the Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? forums, part of the Stop Foreclosure and Tell Us Your Story category; Good Morning group.....I have found this site incredibly helpful and have an additional question. I pulled my credit report and ...

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  #1 (permalink)   IP: 156.142.47.250
Old 01-14-2009, 08:20 AM
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Home Owners Insurance
Good Morning group.....I have found this site incredibly helpful and have an additional question. I pulled my credit report and my mortgage was included in my bankruptcy and shows a balance of $0. I have found a rental and will be moving March 1st. I'm wondering if I can cancel my home owners insurance and just get renters insurance now? Any advice would be great. One more bit of info...I'm in Minnesota.

Thanks!
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Old 01-15-2009, 08:41 AM
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Re: Home Owners Insurance
How is your homeowners insurance paid? (annually, monthly, by way of an impound account, etc.)

Daniel
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  #3 (permalink)   IP: 156.142.47.250
Old 01-15-2009, 12:44 PM
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Re: Home Owners Insurance
My insurance was included in my monthly payment (escrow account)
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