Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Mortgage
Profile Image

Question By
Desertcop

2 Contributions
6 People Helped
If I sign the deed of trust back to the finance company. Will it affect my credit score?
My house was under forclosure as I fell behind on the payments. This was due to my wife losing her job due to an injury. If I signed the deed of trust back over to them. Will this show up as a forclosure? Should I see about having it removed from my credit report? How long will it remain on my credit report if it won't be removed? 7 years.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.