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7 years + 180 days from date of first delinquency.

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โˆ™ 2010-03-23 22:48:57
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Q: How long does a foreclosure stay on your credit report and affect it?
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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 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 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 a foreclosure stay on your credit report?

A foreclosure will typically remain on your credit report for seven years.


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.


How long will your credit be affected with a deed in lieu of foreclosure?

The item will remain on your report for 7 years.


How long does an auto repossession and a home foreclosure after stay on your credit report?

NOTICE OF DROPPING PARTY DEFENDANT


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 it affect your credit if you stop making payments on your ex wife's mortgage and the house is in foreclosure?

A foreclosure will show on your credit for seven years from the date of last activity. The federal statue of limitations is also seven years for the legal notice of foreclosure in the public records portion of your credit report. There may be other state laws which extend this statue of limitations. The Fair Credit Reporting Act is worded "...whichever is longer..."


How long do foreclosures stay on your credit report?

The Fair Credit Reporting Act allows the legal action of foreclosure to remain for 7 years from the date of filing.


How long does foreclosure stay on your credit report?

A foreclosure will typically remain on your credit report for seven years.


Do the credit rating agencies look at a mortgage settlement in a negative way will they look at it like a foreclosure and how long will this be on your credit report?

If the home was a short sale, many investors will view that like a foreclosure. Please proved more details on the type of transaction this was.


How long will bad credit remain on your credit report?

Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.


How long does a deed in lieu of forclosure stay on your credit report?

The amount of time that a deed in lieu of foreclosure stays on your credit report depends on the state. The minimum amount of time is seven years. In some states they stay on indefinitely.


How long will a foreclosure affect your buying a new home?

Foreclosure notations can appear within the account listing itself, called a "tradeline" and the actually legal filing of foreclosure can appear within the public records portion of your credit report. Any tradelines with derogatory information are shielded from view after 7 years. The legal entry can appear for 7 years from the date of filing.


What is the impact of a foreclosure on your credit score?

Foreclosure and FICO The total impact of a foreclosure on ones credit report is estimated to be between 200-300 points. The foreclosure itself accounts for 125 -175 points and the late payments that led up to the foreclosure account for the remaining point deductions. Ironically, the higher your score was to start with the more points will generally be deducted. After several years (2-3) your credit score will have rebounded substantially as long as other payments are maintained. You can expect anywhere from a 50-100 points penalty remaining on the report at this point.


How do you have a foreclosure removed from your credit report?

You can't. But as long as you pay you bills on time for the next 3-4 years you shouldn't have a problem getting a mortgage


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 a foreclosure remain on your credit report?

I believe it is ten years after the forclosure is finalized. The same holds true for bankruptcy, too. I hope that helps - Mr_Dog


Can you purchase a home with an eviction?

As long as this was not a foreclosure and it does not show on your credit report, you should be fine. If it shows in your 12 month rental history it could also be a problem


How long will unresolved credit diputes remain on a credit report?

How long does a judgement stay on your credit report in ventura county/ca


How long takes to affect your credit the late payments on your house?

The lender is likely to report this to the credit reference agencies within a week of the default


Dismissed chapter 7 bankruptcy How long does it stay on your credit report?

it can stay on your credit report for as long as 10 years.


Can I qualify for a loan after a foreclosure?

Doubtful ... at best, you would have to accept a really absurdly high interest rate, which would mean more financial doom in the long run. A foreclosure remains on your credit report for up to 15 years.