Anyone heard of this....

[Brookamy]

My husband, before we were together, got rid of his house by doing what he calls..."a deed in lieu of a forclosure." From what I understand, his house was worth less than what he could sell it for and some investment company bought it from him. I know that they later sold the house for way less than was owed.

Anyone know what I'm talking about? I'm thinking this will still look bad on his credit?

[BK2008]

Have you pulled his credit to see what it looks like yet?

Depends on what was negotiated with the DIL...in exchange, was there an agreement to report paid in full, satisfactory or???

Pulling the credit report is the only surefire way of knowing what the effects are.