Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Abandonment Abandonment November 9, 2021 The voluntary surrender of property, owned or leased, without naming a successor as owner or tenant.You Might Also Like: Living QuartersSpring Maintenance Checklist for Your Home All Things CommunityHoli-days of Giving 2022 Everyday MoneyGiving Back During the Holiday Season Living QuartersYour Top Mortgage Questions Answered Living QuartersHow to Understand Mortgage Language