Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

life after forclose

Posted on: 14th Dec, 2008 10:34 am
how do you know if the lender accepts DIL ?
Hi ford!

Welcome to forums!

You will have to speak to the lender and apply for a deed in lieu. For this you will have to write a hardship letter. If the lender accepts a deed in lieu, he will inform you about that and start the process in order to complete it. But you should remember that a deed in lieu will lower your credit by around 250 points. To know more about deed in lieu foreclosure and how it affects credit, check out the following links:
Deed in lieu Foreclosure
How Deed in lieu of foreclosure affects credit score

Feel free to ask if you have further queries.

Sussane
Posted on: 14th Dec, 2008 08:23 pm
Page loaded in 0.104 seconds.