Posted on: 03rd Jul, 2008 08:22 pm
I want to sell my apartment but I have not find any buyer and the mortgage is to high should i do deed in lieu foreclosure....what is that????
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Welcome MARIA.
The mortgage company needs to approve the DIL. So have you consulted with the mortgage company? By the way do you know that deed in lieu will drop your credit score by 250 to 300 points and it will remain on your credit report for 10 years?
The mortgage company needs to approve the DIL. So have you consulted with the mortgage company? By the way do you know that deed in lieu will drop your credit score by 250 to 300 points and it will remain on your credit report for 10 years?