3 comments to Does Doing A Cash For Keys On Your House Show On Your Credit As A Foreclosure?

• lynne s

  July 13th, 2010 at 8:50 am

  No it does not show up as foreclsoure. If someone gives you cash for keys, you need to put them on deed/title not mortgage note. Usually they give you the amount owed on mortgage in return for you to add to deed/title. There is a small recording fee to add a name to deed/title
  Your remove yourself from all assets and interests in the house.
  You move out , they can rent the unit and in 6 months they can sell becauase they are now on the deed/title.
  Your credit is saved .
  Good Luck,

• mscarrie

  July 13th, 2010 at 2:00 pm

  very much so

• Californ

  July 13th, 2010 at 3:50 pm

  Yes that would be considered a foreclosure and would reflect on your credit score.

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