What happens to your credit after a foreclosure?

Answer Losing a home to foreclosure can deal an individual a devastating emotional blow. Unfortunately, the foreclosure itself isn't the end of his troubles. Foreclosure has a negative effect on credit sc... Read More »

Top Q&A For: What happens to your credit after a foreclosure

What Happens to a Credit Lien After Foreclosure?

A lien is a financial interest that someone else other than the owner has in a property. The most common lien is the one held by the mortgage company that finances the mortgage on the house. Howeve... Read More »

How Long Does It Take to Repair Your Credit With a Credit Bureau After a Foreclosure?

The Fair Credit Reporting Act allows the nationwide credit bureaus to report foreclosure information for seven years. Even with the foreclosure you may be immediately eligible for some forms of cre... Read More »

How many points do you lose on your credit score after a foreclosure?

A foreclosure will typically cause your credit score to drop anywhere from 200 to 300 points. After seven years, the credit bureaus will remove the foreclosure from your credit report, and it will ... Read More »

What Happens After a Foreclosure in Arizona?

Foreclosure allows a lender to sell the property that secures a mortgage after the borrower defaults. Lenders in Arizona have the option to either judicially foreclose or utilize a trustee's sale. ... Read More »