The wingspan of the aircraft can be as long as the fuselage, or in some cases, longer. The wings are what generate lift to let the aircraft become airborne. The final major section of an aircraft is called the empennage, or tail.
Negative but accurate information stays on your report seven years; you have four to go. So, with removal of the deed in lieu not an option, let's look instead at the possibility of obtaining a new mortgage while this negative settlement item remains on your credit report for the remaining four years.
Steve, the charge-off will remain on your credit report for 7 years. The Fair Credit Reporting Act states that negative items will remain on your credit report for 7 years from the first date of delinquency resulting in the charge-off. Typically, a debt is charged off once it is delinquent for 120 to 180 days. The original time frame for a loan -- such as 5 years, in the case of an auto loan -- has no bearing on the length of time the delinquency will be reported in your credit file.