Posted on: 08th Sep, 2010 11:29 am
I am considering relocating out of state in two months. If I list my home for sale I will not be able to sell in this time. Which option has a less negative affect on credit score? Deed in lieu or short sale? Or will bank accept any other consideration without credit affect
Hi sosborne66,
Welcome to mortgagefit
Short sale does less damage on your credit as compared to DIL.If you are considering to relocate to some other state then you can also rent your property till the point there is no offer from buyer.By that time you can also rent a property at your new premises.Once you sell your current property you could be able to purchase a new property at your new location.
DIPA
Welcome to mortgagefit
Short sale does less damage on your credit as compared to DIL.If you are considering to relocate to some other state then you can also rent your property till the point there is no offer from buyer.By that time you can also rent a property at your new premises.Once you sell your current property you could be able to purchase a new property at your new location.
DIPA