Posted on: 04th Dec, 2008 03:45 am
my name is on a deed of and along with 6 other siblings I don't know all of them. A bill was not paid (assessment to teh community) because =no one know way out it. It was sent into foreclsoure. All seven people signed a deed in leiu. Will that have an effect on credit score and if so how much? Banks ask on loan applications. I have a score of almost 800 now.
Hello jj,
A Deed in Lieu can cause a drop in credit score from 100-250 points.
Let us know if you still have questions.
Good luck. :D
A Deed in Lieu can cause a drop in credit score from 100-250 points.
Let us know if you still have questions.
Good luck. :D
Hi jj!
Welcome to forums!
A deed in lieu foreclosure will definitely affect your credit score. As Cliff has said a deed in lieu foreclosure will lower your credit score by about 250 points.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
A deed in lieu foreclosure will definitely affect your credit score. As Cliff has said a deed in lieu foreclosure will lower your credit score by about 250 points.
Feel free to ask if you have further queries.
Sussane
