how mortgage companies treat deed in lieu: How Mortgage Companies Treat Deed In Lieu… - 10/06/15 11:55 PM
I get asked about “Deed In Lieu” sometimes.
A Deed In Lieu is where you beat the mortgage company to the punch… …and give the mortgage company back the house before they have a chance to foreclose.
People ask me how a Deed In Lieu would affect their credit.
I tell them that it would be treated the same way a full foreclosure would – from a mortgage perspective anyway.
…in fact, if you have a “Deed In Lieu” show up in the mortgage history on your credit report – it might as well say “Foreclosure”.
You will have to wait a period of time before … (2 comments)

 
Brett Sampson, Texas Lender (Berkshire Lending, LLC)

Brett Sampson

Texas Lender

Frisco, TX

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Berkshire Lending, LLC

Address: 660 North Central Expressway, 235, Plano, TX, 75074

Office: (888) 875-7675

Mobile: (214) 228-2279

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