If you had a debt, that you were behind on; it was reported to the Credit bureaus.
If you did a "Deed in Lieu" becuase you couldn't pay your mortgage, then it was reported as a "less than" what was owed debt.
You would have to look on your Credit Report to see how it was reported, and it would be up to the Lenders, as to how long you will have to wait; probably two years.
good luck and may God bless
You may want to check your credit report.
Cash for keys comes after the foreclosure or during the deed in leiu which is the same as a foreclosure credit wise. If you had short sold in 2 years you could have purchased a home. Now you will need to wait around 5 - 7 or 10 years and re establish credit.
Harold Sharpe - Broker
So Cal Homes
California Department of Real Estate Broker License # 01312992
Cash for keys means you were offered some money to vacate the property and turn over the keys to the bank.
Deed in lieu of foreclosure --- whether or not the bank gave you money to vacate --- is still the same thing as a foreclosure. The difference is that you were spared the trauma of being forcibly evicted.
How long before you can buy another home? Many factors to consider.....but under normal circumstances, probably 7 years. But if you don't repair your credit by paying down your debts, or by paying other bills in time, it could be longer.