FORECLOSURE AND CREDIT...

housedebt_2560The foreclosure facts are this: Just like bankruptcy,foreclosure has a severe negative impact on your credit score. But just as in bankruptcy, taking the right steps to repair your bad credit after a foreclosure makes a world of difference.
 

Foreclosure Facts #1

If you learn how to fix credit, your credit score can increase to 700 in just two years after a foreclosure!

Foreclosure Facts #2

Remember that you have options. Have you considered a short sale? A loan modification? If you have already entered into the foreclosure process, think about the ways you can stop the foreclosure from happening. And be sure you know how foreclosure works so you can take steps to minimize the damage.

Foreclosure Facts #3

Unfortunately, foreclosure is sometimes an inevitable reality. But just like restoring credit after a bankruptcy, you can take steps to minimize the damage.

The PROCESS can be overwhelming.

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