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.
Derogatory accounts show for 7-years from the date of first delinquency, so it's 7-months and 180 days. You may be confusing statute of limitations with credit records. How long a debt remains a debt will be covered under state (or federal) law. The credit report is just a collection of information. Even if a debt ages its way off your credit report, it may still be possible for the creditor to pursue collection.