Posted on: 13th Oct, 2010 07:10 am
is the effect of forclosure on an investment property
different from forclosure on your personal propery
as far as credit
different from forclosure on your personal propery
as far as credit
The affect of foreclosure will be same both in case of investment and personal property. The property will be sold off and the negative item will be mentioned in your credit report for the next 7 years. Moreover, the foreclosure will lower your score by 250 points.