Posted on: 10th Jan, 2011 06:40 am
i am thinking of short sale of my home. but after reading about deed in lieu i think i would like to do that. considering that i want out of my house
Hi Guest!
Welcome to forums!
Deed in lieu is a good option to get rid of the property and the mortgage. However, a deed in lieu of foreclosure will reduce your credit scores by 250 points whereas a short sale can reduce your credit score by 80-100 points.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Deed in lieu is a good option to get rid of the property and the mortgage. However, a deed in lieu of foreclosure will reduce your credit scores by 250 points whereas a short sale can reduce your credit score by 80-100 points.
Feel free to ask if you've further queries.
Sussane