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Deed in lieu of foreclosure


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Your trade line for your home will have a notation that you went into Foreclosure-sometimes they don't say FC but list 120 days past due etc.

This will stay on your report until it "falls off", which is supposed to be 7 years.

My comment about not hurting you is that after 2-4 years you will be able to get another home loan, but your scores (due to the FC) may still be low and you will not get the best rate/deal because of that.


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