Ok, the verdict is finally in on this and it comes from one of the few remaining major lenders. Much discussion and many blog post have been dedicated to the discussion of how the various types of foreclosures (Short Sale, Deed in Lieu, and Foreclosure) impact a consumer's credit score.
Sources tell me that all 3 major Credit Bureaus have given the same response: Credit Scores do not distinguish between the 3 types of foreclosure.
I post this because there are lots of post out there that say the Short Sale will have less of an impact on the score and it just ain't so. You also can't raise your credit score by opting out of the bureaus marketing machine. You should opt out anyway to get rid of all the junk mail though...
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