What is the difference between how a deed-in-lieu is reported on my credit score vs. a short sale?

What is the difference between how a short sale is reported on my credit vs. a deed-in-lieu?

A. This is right out of the MHA Handbook:

(Credit) Reporting for Deed in Lieu should be as follows:
Account Status Code = 89 (deed-in-lieu of foreclosure on a defaulted loan)
Payment Rating = 0, 1, 2, 3, 4, 5, or 6
Current Balance = $0
Amount Past Due = $0
Date Closed = MMDDYYYY
Date of Last Payment = MMDDYYYY

Vs…..

(Credit) Reporting for Short Sale should be as follows:
Account Status Code = 13 (paid or closed/zero balance)**
Payment Rating = 0, 1, 2, 3, 4, 5, or 6
Special Comment Code = AU (account paid in full for less than the full balance)
Current Balance = $0
Amount Past Due = $0
Date Closed = MMDDYYYY
Date of Last Payment = MMDDYYYY

Which is better? You make the call…
Short Sale Credit Score | Las Vegas Short Sale Specialist | Short Sale Realtor Las Vegas

Who qualifies for a short sale in Nevada?

**Effective June, 1, 2012 lenders also have the option to report a short sale as: 
Code 65 (Account paid in full/a foreclosure was started) if applicable.

Side note: The word “credit” was added by me before the word “reporting” for the purposes of context.

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