Your coop should have I place a master insurance policy, speak to them first but before walking away you should look into a short sale or deed in lieu to settle the mortgage debt....you can't walk away from that.
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De Vonte Williamson
Licensed Real Estate Salesperson
Proudly Serving Long Island
Coldwell Banker Residential
This I would maybe ask a relative to handle it for you or sell it, it has still have a value would have to be an all cash deal. As is.
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More information is needed, but typically, abandoning a property can happen when you turn the deed back to the bank and allow them to foreclose. This is not necessarily your best option, but proper recommendations cannot be made without more information.