Posted on: 15th Jun, 2010 08:49 pm
does the deed in lieu affect the credit score as much if the property is a timeshare and not the primary residence
Hi CIESZKAS,
Though the timeshare is not your primary residence, the affect of the deed in lieu of foreclosure will be same on your credit report. Your credit score would go down by 250 points and it will be mentioned as a negative item in your credit report for the next 7 years.
Thanks
Though the timeshare is not your primary residence, the affect of the deed in lieu of foreclosure will be same on your credit report. Your credit score would go down by 250 points and it will be mentioned as a negative item in your credit report for the next 7 years.
Thanks