I had a excellent credit of ~800 until last year. An investment property I jointly owed with another had to be surrendered to the bank through a deed in lieu of foreclosure. My partner on the deal had lost his job, lost money on other RE investment, and was able to pay anything toward this investment. After getting drained for several months from covering the full cost and being unable to sell it, I surrendered the property. My score is still around 680-700, but suffered because I had to go delinquent to 90 days in order for the bank to accept the deed in lieu. My question is, what explanation can I add to the credit report to help my chances of getting a good loan. Should I state that the loan was late/surrendered due to the co-signer losing his job??? thanks.