---

Deed ILO

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
tbk2 Joined: 12 May 2009 Posts: 1 1.00 Dollars($)	Posted: Tue May 12, 2009 11:25 am    Post subject: Deed ILO Like 0 Dislike 0 How long does a deed in lieu of foreclosure affect my credit score? I own a timeshare that is killing me with the maintenance fees on top of the monthly mortgage pmt I'm making. I've tried to sell and have only been scammed. I don't know what else to do
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Wed May 13, 2009 5:32 am    Post subject: Like 0 Dislike 0 Hi tbk A deed in lieu will lower your credit score by 250 points. It will stay on your credit score for 7 years. You can contact your lender and inform him about your hardship. You can then apply for a short sale with your lender. Though a short sale will also stay on your credit report for 7 years, it will lower your credit score by 75-100 points. However, you will have to pay the deficient amount resulting from the sale of the property to the lender. Thanks. _________________ Good is the Enemy of Great.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0