Posted on: 19th Dec, 2011 02:33 pm
I recieved a credit alert that my credit report shows "BANK ADJUSTMENT / DEED IN LIEU / LIQUIDATION". I am currently on a repayment program with my lender American Home Mortage and current. I called them to see what this meant, they said it was just for my information (which made no sense) and finally I got them to say for me to fax a copy of my credit report to the Resolution Dept. This sounds like horrible thing for my credit report, when it is not true. I am been making all repayments under the repatment plan on time and will be off it in April of 2012. What are they trying to do, ???
hi kzmorton,
if you're making the payments, then the lender won't be able to sell off your property through a deed in lieu of foreclosure. you should contact your lender once again and try to sort out the matter. if the lender goes for a deed in lieu of foreclosure, it will lower your credit score by around 250 points.
thanks
if you're making the payments, then the lender won't be able to sell off your property through a deed in lieu of foreclosure. you should contact your lender once again and try to sort out the matter. if the lender goes for a deed in lieu of foreclosure, it will lower your credit score by around 250 points.
thanks