Posted on: 03rd Aug, 2010 06:08 am
If we go through with a Deed in lieu of how will this effect my credit and for how long?
hi bkarchery,
a deed in lieu of foreclosure will affect your credit score in a negative way. you score would get reduced by 250 points. a deed in lieu of foreclosure will remain on your credit report for next 7 years.
a deed in lieu of foreclosure will affect your credit score in a negative way. you score would get reduced by 250 points. a deed in lieu of foreclosure will remain on your credit report for next 7 years.