Foreclosure VS Voluntary Foreclosure

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Posted by Oscar Aguililla on February 15, 2003 at 22:02:00:

What is the difference as far as credit goes? I have a VA guaranteed loan and they (the VA) wants me to go to the bank to request a Deed-in-lieu to avoid a foreclosure. I have no equity whatsoever; as a matter of fact, I will lose quite a bit. I have tried to sell the property for over a year...to no avail.

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: What is the difference as far as credit goes?  I have a VA guaranteed loan and they (the VA) wants me to go to the bank to request a Deed-in-lieu to avoid a foreclosure.  I have no equity whatsoever; as a matter of fact, I will lose quite a bit.  I have tried to sell the property for over a year...to no avail.  


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