Deed In Lieu on Credit report

cliff · Posted: Fri May 09, 2008 4:04 pm Post subject:

Welcome Ken,

Doing a short sale is a good option if you know longer want to keep the house. However, you may want to ask your realtor how many short sales she has done. VERY FEW REALTORS KNOW HOW TO "REALLY" APPROACH A SHORT SALE. If your realtor has not done at least 20 short sales I would find one who has.

If you want to keep the house then contacting your lenders "loss mitigation" department would be the smart thing to do. Just make sure that you talk to the "loss mitigation" department.

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