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

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 »

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 »

What is foreclosure&how does it affect credit?

Foreclosure, according to the Business Dictionary, is a legal process by which a lender cancels a homeowner's right to reclaim the title to a mortgaged property before or after a foreclosure sale. ... Read More »

Can i repair a foreclosure on my credit?

On One Hand: It May Take a Long TimeAccording to Liz Weston of MSN Money Central, it may take up to 10 years before you can get a foreclosure off of your credit score. In the meantime, a foreclosur... Read More »