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Re: FORECLOSURE VS DIL

Posted by Mary Supinger on June 14, 2008 at 04:08:50:

In Reply to: Re: FORECLOSURE VS DIL posted by Todd on May 05, 2008 at 18:56:31:

Please read the post on my blog regarding this. It contains information from Fair Isaac, the author of credit scoring.
A deed in leiu is as bad as a full blown foreclosure on your credit profile. The only way around this is to get a letter from the lender that says that your account was Paid As Agreed. Don't be surprised if six months later they start reporting it.

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