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If my credit report shows "BANK ADJUSTMENT / DEED IN LIEU /

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kzmorton1 Guest	Posted: Mon Dec 19, 2011 3:33 pm    Post subject: If my credit report shows "BANK ADJUSTMENT / DEED IN LI Like 0 Dislike 0 I recieved a credit alert that my credit report shows "BANK ADJUSTMENT / DEED IN LIEU / LIQUIDATION". I am currently on a repayment program with my lender American Home Mortage and current. I called them to see what this meant, they said it was just for my information (which made no sense) and finally I got them to say for me to fax a copy of my credit report to the Resolution Dept. This sounds like horrible thing for my credit report, when it is not true. I am been making all repayments under the repatment plan on time and will be off it in April of 2012. What are they trying to do, ??? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Mon Dec 19, 2011 8:43 pm    Post subject: Like 0 Dislike 0 Hi kzmorton, If you're making the payments, then the lender won't be able to sell off your property through a deed in lieu of foreclosure. You should contact your lender once again and try to sort out the matter. If the lender goes for a deed in lieu of foreclosure, it will lower your credit score by around 250 points. Thanks

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