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Updated over 7 years ago,

Account Closed
  • Real Estate Agent
  • Washington, DC
34
Votes |
126
Posts

Deed Of Lieu Repercussion (Hard Money)

Account Closed
  • Real Estate Agent
  • Washington, DC
Posted

Hey BP,

If I give my property back to my hard money lender in deed of lieu and they take the property back and rehab it, will this affect my credit score and stop me from getting a bank loan in the future? I tried to flip a home with a hard money lender before purchasing my primary residence and ran into issues with a bad contractor. My credit score is great and I don't want to ruin it.

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