Posted on: 08th Feb, 2011 08:37 pm
Can I still get a home loan if I do a deed in lieu paid in full on my current home? California. Does it hurt your ability to get a loan as much as a short sale or foreclosure?
Hi Guest,
You will have to wait for 3-4 years in order to qualify for a new loan after a deed in lieu of foreclosure. Moreover, it will lower your credit score by 250 points.
Thanks,
Jerry
You will have to wait for 3-4 years in order to qualify for a new loan after a deed in lieu of foreclosure. Moreover, it will lower your credit score by 250 points.
Thanks,
Jerry