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How long after a bank foreclosure will it take for my credit to re-bound?
Wiki User
∙ 16y ago
It will never rebound!,,,,,,,,,,,,, The only way to have good credit is to build it. It is very easy to have bad credit. ,,,I had A forclosure on my report from an ex. I got A mortgage the next month because I had good report (sounds like repore) with my bank. They knew I was not At Fault for the reposession of the house and I had no controll over it.... If you want to rebuild your credit, Start as soon as you feel ready.
Wiki User
∙ 16y ago
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If I have a foreclosure on my credit will it affect me in trying to buy real estate?
If you are paying cash, NO. If you are financing it with a bank loan, usually it will. Depends on how long ago the foreclosure occured and the individual policies of the bank you are trying to get a loan from.
How long does foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How long is your credit affected after a foreclosure?
Usually a foreclosure will lower a person's credit score by 250 points, and sometimes by as many as 280 points. The foreclosure stays on a person's credit report for seven years.
How long will a foreclosure be on your credit report and how will it effect your credit score?
A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.
How long will a bank foreclosure stay on my credit report?
It will stay on your credit for a few years. Not more than 10 years and not less than 4. Generally, data drops of your credit report after 7 years.
How long will your credit be bad after a home foreclosure?
The damage to your credit score and how fast it recovers depends greatly on the rest of your credit history. Someone who has no other issues will rebound faster than someone who had other late payments or a lower score to begin with. If the foreclosure is the only issue, the score should begin to rise within a few months and may slowly recover to pre-foreclosure leves over the next couple years. The score is separate from the actual foreclosure reporting as a derogatory item as far as obtaining new credit. It is possible to have an acceptable or good FICO score with a dated foreclosure on your credit and still not be able to get credit because of the derogatory item. The foreclosure itself will report for 7 years but it's impact on your score will less as time goes by.
How long does a foreclosure initiated stay on your credit?
Foreclosures remain on your report for 7 years. It is difficult to get a foreclosure removed.
How long does foreclosure stay on credit report?
Credit reporting requirments means it will be listed for 7 years.
How long will my foreclosure stay on my credit report?
A foreclosure remains for a minimum of 7 years. In some states, it can legally remain for longer.
I have recently been checking into condo's in Destin, FL. How long does the foreclosure process usually take?
A foreclosure can take weeks up to months to be completed. Applications have to be filled out and then processed by a bank. If you have good credit and a reasonable down payment, a transaction can be processed even faster.
When did Long-Term Credit Bank of Japan end?
Long-Term Credit Bank of Japan ended in 2000.
