Posted on: 28th May, 2010 09:06 am
JUST GOT FOR CLOSED ON MY PROPERTY AFTER FIGTING FOR MODIFACTION FOR OVER A YEAR,HOWEVER I DO HAVE A SECOND PROPERTY THAT I AM CUREENT ON,AND MY CREDIT CARDS,HOW BAD MY SCORE WILL GO DWEON,POST FORECLOSRE????AND WHAT SHOULD I DO AFTER THIS
Hi Guest,
A foreclosure will reduce your score by 250 points. This will remain as a negative item on your credit report for the next 7 years. You will also not be able to get a mortgage for the next 3-4 years. You should try to improve your credit score. You can check out the given page in order to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Take care
A foreclosure will reduce your score by 250 points. This will remain as a negative item on your credit report for the next 7 years. You will also not be able to get a mortgage for the next 3-4 years. You should try to improve your credit score. You can check out the given page in order to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Take care