Posted on: 05th Apr, 2010 04:19 pm
We are looking into Deed in lieu, our mortgage Co. will not and has denied us a loan modification even after sending them proof of loss of income and have threatened to foreclose. How long does the Deed in lieu stay on your credit?
Thank you
Thank you
hi dekluge!
welcome to forums!
a deed in lieu of foreclosure will stay on your credit report for 7 years as any other negative item. it will also lower your credit score by 250 points. to know more about deed in lieu of foreclosure, check out the given page:
http://www.mortgagefit.com/deed-lieu.html
feel free to ask if you've further queries.
sussane
welcome to forums!
a deed in lieu of foreclosure will stay on your credit report for 7 years as any other negative item. it will also lower your credit score by 250 points. to know more about deed in lieu of foreclosure, check out the given page:
http://www.mortgagefit.com/deed-lieu.html
feel free to ask if you've further queries.
sussane