Posted on: 23rd Mar, 2010 08:11 pm
short sale ,foreclosure and deed in lieu which is the best
a deed in lieu of foreclosure and foreclosure will have similar effects on your credit report. your score would get lowered by 250 points and you won't be able to get a mortgage within next 3-4 years. but unlike foreclosure, you won't have to pay the deficient balance resulting from the deed in lieu of foreclosure.
a short sale, on the other hand, reduces your credit score by 80-100 points but you would be liable for paying the deficient balance resulting from the sale. also, you won't be able to get a new mortgage within the next 2-3 years.
a short sale, on the other hand, reduces your credit score by 80-100 points but you would be liable for paying the deficient balance resulting from the sale. also, you won't be able to get a new mortgage within the next 2-3 years.
Genial dispatch and this post helped me alot in my college assignement. Thanks you for your information.
Thanks niics!! i seem to misunderstood them before...
Hi
Very nice and intrestingss story.
Very nice and intrestingss story.