deed in lieu of foreclosure (state of Washington)

MARYMOSHER · Joined: 21 Sep 2008 Posts: 2 1.41 Dollars($)

we have recently lost a home in deed of lieu of foreclosure. how many years will it take to repair our credit. We had excellant credit before this took place and despite this continue in that mannner.

smithsussane · Posted: Sun Sep 21, 2008 10:21 pm Post subject:

Hi MARYMOSHER!

Welcome to the forums!

A deed in lieu will affect your credit for 1-5 years. However, if there is a deficiency amount and you keep on paying the amount as much as possible on a monthly basis, this will improve your credit to some extent.

Feel free to ask if you have further queries.

Sussane

MARYMOSHER · Joined: 21 Sep 2008 Posts: 2 1.41 Dollars($)

APPRECIATE THE INFORMATION. WE ACTUALLY FEEL FORTUNATE COMPARED TO MOST.

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