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First understand that you can't sign it "back" to the bank...they never owned it to get it back! They simply loaned you money so you could buy/invest in the home you wanted. If it went up in value, they couldn't get any more back...all they are interested in is getting the loan paid as agreed. Now, in reality, in some circunstances a bank will agree to you signing it over to them...sometimes as complete payment for the loan, sometimes for only part of it. Normally, you have to agree to maintain it, leave it in a certain time, undamaged, etc. All you can do is approach them with your situation and see what options they may have. Making a strong case that you cannot pay for it anymore and why - like loss of job - is a good starting point. Saying you can't or won't because it isn't worth what it was is not a good approach....it was your investment not theirs...maybe a bad one for you, but they probably have enough bad ones of their own doing.

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Q: How can you just sign your house back to the bank?
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