How will a deed and leau effect mh credit score?

Hi wlan,

A deed in lieu of foreclosure would reduce your credit score by 250 points. Moreover it would stay in your credit report for 7 years. Once your property is sold by the lender, you won't be able to buy a property immediately. You would have to rent a property for some period of time. Renting won't be a bad option as it would also give you some time to improve credit score.

Thanks

We were told were our property lines were, come to find out they are 187 feet different the line goes through our property, will a deed in lieu affect our credit when there is a major issue with the property that is out of our control.