2007-10-30 09:09:40 · 5 answers · asked by aghhh! 1 in Business & Finance ➔ Renting & Real Estate
When you say "Given back" what do you mean? Short sale? Deed in Lieu? Foreclosure? How long ago? It totally depends on too many unknowns. Do you have money to put down? What is yoru credit score?
2007-10-30 09:36:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
NO NO NO. You don't just give it back. If there is a shortage of funds to cover the mortgage, you are still on the hook. It is reported on your credit. And ANY lender will look at this.
Besides, you don't deserve it!
2007-10-30 17:01:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Your credit will not be uneffected by this, no matter how you have returned the house to the lender.
You may be able to purchase two years from now. If you find someone to lend to you now, I suspect you would be in trouble again in short order.
2007-10-30 17:56:25 · answer #3 · answered by godged 7 · 0⤊ 0⤋
Your credit is about to bottom out, you just do not realize it yet, buy another house, lots of luck
2007-10-30 17:04:18 · answer #4 · answered by Pengy 7 · 0⤊ 0⤋
Who ever told you that your credit would be unaffected completely lied to you. Sorry for the bad news but your credit is about to be DESTROYED!!!!
2007-10-30 20:38:28 · answer #5 · answered by frankie b 5 · 0⤊ 0⤋