Answer: Depends on the lender or servicing company
Anything less than "Paid In Full" is considered derogatory, and will reduce a home owners credit scores. Typically, the lender will report the account "Paid Not As Agreed". This is still much better than a foreclosure that will remain on a persons credit for up to 10 years.
Please call 1-800-480-1917 or e-mail ZOOMLossMitigation@gmail.com with any additional questions.
www.ZOOMLossMitigation.com
