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What are the credit effects if I go for deed in lieu?

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jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Sun May 20, 2012 10:57 pm    Post subject: Like 0 Dislike 0 Hi carol, A deed in lieu may take 90 days or more to complete. A deed in lieu of foreclosure will have a negative impact on your credit report. It will lower your scores by 250 points. However, if you take required steps, it will help you in improving your scores and then you will be able to buy a car in the next 2-3 years. Thanks

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