Legal Question in Real Estate Law in Michigan

giving your home back to the bank

Is this the same as foreclosure and does it have the same ramifications, 7 to 10 years bad credit?


Asked on 8/22/08, 10:47 pm

1 Answer from Attorneys
Lesley Hoenig Lesley A. Hoenig, Attorney at Law

Re: giving your home back to the bank

A deed in Lieu of Foreclosure will likely be reported as a foreclosure on your credit.

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Answered on 8/25/08, 2:37 am


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