Am I likely to be approved for a second home loan after a foreclosure?
How do I become a foreclosure inspector?
How long does it take for a foreclosure to take place?
What are the procedures for providing notice of chapter 7 foreclosure procedures?
What considerations should I make prior to being a pre-foreclosure home?
What happens if I have a foreclosure on an 80/20 loan in AZ?
What is the difference in bankruptcy and foreclosure?
debt real estate
Question by Kate20 (16)
Answer by John (9008)
A foreclosure is very bad. It will destroy your credit rating and could leave you still owing money if the item is sold for less than the debt.
Answer by mjjaegly (211)
A foreclosure can be very bad for at least seven to ten years on your credit history. You may lose everything including your car, and some furniture.
Answer by Rose (6804)
A foreclosure on your credit report can prevent you from getting future credit for cars, houses and even limit the houses and apartments in which you can rent.
Answer by Zaka (2315)
It is simply horrible. It ruins your credit and forces you out of your home. You're saddled with sudden debt and the need to find a new home.
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