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short sale or deed in lieu

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Guest	Posted: Mon Jan 10, 2011 7:40 am    Post subject: short sale or deed in lieu Like 0 Dislike 0 i am thinking of short sale of my home. but after reading about deed in lieu i think i would like to do that. considering that i want out of my house
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Jan 10, 2011 10:31 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! Deed in lieu is a good option to get rid of the property and the mortgage. However, a deed in lieu of foreclosure will reduce your credit scores by 250 points whereas a short sale can reduce your credit score by 80-100 points. Feel free to ask if you've further queries. Sussane

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