Options in Letting the House Go

One of the most common reasons for wanting to give up a house and avoiding a foreclosure is that the person wants “to avoid a foreclosure showing up on their credit report.”  It should be noted that while the options listed in the posts below might avoid a foreclosure, they likely contain their own negative consequences that could potentially show up on a credit report.  How much a credit score will suffer with a foreclosure on a credit report as opposed to a short sale or a deed in lieu is beyond the scope of this website, but it should be noted that any such difference may perhaps be somewhat negligible. 

ARTICLES RELATING TO OPTIONS IN LETTING THE HOUSE GO: