What will happen to my existing credit cards after foreclosure?

Answer A foreclosure can have far-reaching, negative consequences, such as credit damage and additional tax debt. It is natural to wonder, during such a stressful time, how a foreclosure can affect other ... Read More »

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What can happen to your assets after foreclosure?

Individuals facing foreclosure have numerous questions about what happens after the foreclosure process is complete. Many are concerned about what happens to their other assets after a home foreclo... 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 »

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 happens to your credit after a foreclosure?

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 »