Posted on: 20th Jul, 2009 03:52 pm
i live in california and did not reaffirm my home loan in my chapter 7 bankruptcy. if i walk away from my house and do a deed in lieu of foreclosure, will that be seen in my credit reports? what is the procedure of getting a deed in lieu of foreclosure? if i am going to buy another house, and if the deed in lieu of foreclosure will affect my credit score, should i wait until i buy the second house before i do the deed in lieu of foreclosure on the first house?
IF you want to save home then you can go to chapter 7 rather than bankcrupcy?
But if you go to this way , you affect u r credit. so try to avoid this way...
Thanks
But if you go to this way , you affect u r credit. so try to avoid this way...
Thanks
Thanks
Priya
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