How does a deed in lieu of foreclosure affect our credit rating?

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disclaimer

jameshogg

Posted on: 18th Jan, 2011 03:41 pm

How does a deed in lieu affect our credit rating and how long does it last?

Total Reply : 1

hi guest,

a deed in lieu of foreclosure will remain on your credit report for the next 7 years like any other negative item. it will lower your credit score by 250 points.

thanks

jameshogg

Posted on: 18th Jan, 2011 07:59 pm

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