2 Thoughts on I have a difficult question that I am hoping for a simple answer.?
  1. Reply
    zeuz
    August 27, 2011 at 7:09 am

    I think the deed in lieu is a foreclosure whereas the short sale is a debt paid as agreed.

  2. Reply
    helensh
    August 27, 2011 at 8:04 am

    A deed in Lieu is more damaging to your credit.
    A short sale is a good if you would like to sell your property because you are insolvent long term and short term, and you have negative equity on the property.
    If you want to stay in this home- a mortgage modification or loan modification is a much better alternative.
    Both a short sale and loan modification are much better choice to a foreclosure, deed in lieu or bankruptcy.

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