Latest Posts
Home > Ask The Get Out of Debt Experts > How Can I Give Away a Property I Don’t Want Anymore? – Lior

How Can I Give Away a Property I Don’t Want Anymore? – Lior

“Dear Steve,

I bought a house couple years ago for investment in a very bad area with cash money.
I thought then that it will be a good deal.
i have only expenses over there, hard to find a good tanent and so.
i try to sale this house for a long time but no luck, i am ready to sale this house half then what i bought or even less.

my quwstion is:

lets assume that i cant sale it even for free, and i just want to get Get rid of it, so i will not need to pay any more expenses, what can i do ?


Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

How Can I Give Away a Property I Dont Want Anymore?   Lior

Dear Lior,

Basically you need to find some sucker who is willing to let you transfer the title of the property to them. Until then you are on the hook for the insurance, taxes, and liability.

If you want to get rid of this pit fast and are willing to give it away, consider putting an ad on Craigslist and advertise the “buyer” has to only pay the closing costs. At least try to get that paid for.

And oh yes, real estate is a tough business to be in. Don’t believe all they hype you read about the wonders of being a landlord. For the most part, it sucks.

But then I think you already learned that lesson the hard way.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

How Can I Give Away a Property I Dont Want Anymore?   Lior
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

How Can I Give Away a Property I Don't Want Anymore? - Lior by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.