0
What else can I help you with?
Can you re-fi your primary home after losing an investment property to forclosure?
Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure. Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure.
Will a deed in lieu of foreclosure appear on your credit report?
From what I have gathered so far, a forclosure is the worst thing for your credit next to bankruptcy, and a deed in lieu is just better than a forclosure.
How does foreclosure impact my credit score?
Foreclosure can have a drastic effect on your credit score. Your credit rating decreases with missed payments on your home, as well as other bills. In addition, the foreclosure itself can lower your score by over 100 points. In addition, a foreclosure can stay on your record for seven to ten years. Forclosure can and will have a very negative impact on your credit score. This is an unfortunate by product of the recent economic crisis.
Can you get a refinance loan with a credit score of 400 if your house is in foreclosure?
Your house is in forclosure, this means you do not pay your mortgage. Unlikely a bank would take such a risk!
Will a foreclosure from someone's past affect their spouse's credit?
I hate to sound like a lawyer, but it depends. If you have separate credit reporting accounts, it may affect the wife's credit slightly. If there is only a joint credit account, yes, it will affect the wife's credit the same as the husband's. You can ask the 3 major credit reporting agencies (Experian, TransUnion and Equifax) to separate out your credit histories. If the foreclosure has already started, it may be too late. Get a free credit report from each (once each year) at www.annualcreditreport.com.
What is the generic way to avoid forclosure?
The generic way to avoid forclosure is to refinance or get an additional loan float to keep the home from forclosure. This allows the individuals to maintain in their homes as well as allows the banks to receive a higher yield, versus the forclosure amounts.
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
Does Foreclosure affect credit score?
If you have to ask this question i can see why your home was forclosed, Of course it does, If you buy a brand new car and dont pay for ot and it gets repo'd dosent that effect your credit? Yes. Ok now how many cars can you buy for the price of a house 3-4. Okay so a forclosure is like 3-4 reposessions. Make sence???
How long to rebuy after foreclosure?
Az state credit union has a program where you can buy just 6 mo after a forclosure if you have 20% down and are current on all other bills.
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 do you know if you would get a deficiency judgment on your forclosure. Do they go after pension or social security?
Can there be a deficiency judgment on a mortgage forclosure in virginia?
where are tax forclosure or tax leins in this area?
it depends up on your area, there are so many tax forclosure or tax leins.
