What determines the impact of a deed in lieu on a credit score How low will your score go? And how long will it take to recover? The depths to which your score can be expected to sink further and ...

The big downside with a deed in lieu of foreclosure is that it will damage your credit. This means higher ... debts or the home requires extensive repairs, the lender might see little return ...

If you’ve fallen behind on your mortgage and you don’t see any way of catching up, a deed in lieu of foreclosure ... such as a home equity loan or line of credit with a different company ...

With a deed in lieu, you voluntarily give your home to the lender in exchange for the cancellation of your loan. This, too, can create a negative mark on your credit history. Homeowners can also ...