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If you were in foreclosure but were able to refinance the home before the foreclosure went through how long will this stay on your credit report?
Wiki User
∙ 15y ago
When I went through this they told me seven years, but it gave me trouble til 10 years to the day. At ten years and one day, it was like the world re-opened. the old loan which was in foreclosure, should show up as paid zero balance since you refinanced it. The loan and all of your late payments will still show up for 7 years.
Wiki User
∙ 15y ago
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How many points will a foreclosure reduce your credit score?
Depends on credit score prior to foreclosure. If your score was higher before foreclosure, it might drop 200 points or so. If it was lower before foreclosure, it might drop closer to 100 points. It varies significantly.
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!
Does credit acceptance refinance auto loans?
Does credit acceptance do refinance
How can one refinance their mortgage?
One can refinance their mortgage through their local banks or credit unions. One can also refinance their mortgage through the help of websites, run by companies such as Lending Tree and Quicken Loans.
How can you rebuild your credit after a foreclosure?
Pay you bills on time. Try to get some kind of credit and make sure it is paid on or before the due date. That is what we are doing after our foreclosure 2 years ago.
How many points will a foreclosure reduce your credit score?
Depends on credit score prior to foreclosure. If your score was higher before foreclosure, it might drop 200 points or so. If it was lower before foreclosure, it might drop closer to 100 points. It varies significantly.
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!
What is the best way to refinance foreclosure?
This depends on your home loan status but it is often best to refinance as it requires minimum impact credit by replacing one loan with another. Another option is to short sell (selling your home at a loss).
Does credit acceptance refinance auto loans?
Does credit acceptance do refinance
How can one refinance their mortgage?
One can refinance their mortgage through their local banks or credit unions. One can also refinance their mortgage through the help of websites, run by companies such as Lending Tree and Quicken Loans.
How can you rebuild your credit after a foreclosure?
Pay you bills on time. Try to get some kind of credit and make sure it is paid on or before the due date. That is what we are doing after our foreclosure 2 years ago.
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
Is it better to short sale a house or refinance to get credit in good standing?
It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.
Where can one refinance their bad car credit?
One can refinance their bad car credit at different companies. Some of the companies that offer refinance of a bad car credit are Prescott Financial, Harbor Credit and Fleet Financial.
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
How can you forfeit your mortgage and keep your credit good?
The best of all worlds would be that you could either negotiate new payment terms or refinance so that you could keep the house. Or, that you sell the house before it forecloses for the amount that you owe. Both of these options require action on your part. Otherwise, the foreclosure will go on your credit report, where it will remain for several years. New lenders will consider the time since the foreclosure and also the state of the other credit accounts in determining whether they will offer you a loan and at what rate.
Does a Deed in lieu of foreclosure affect credit the same as a foreclosure?
Deed in lieu of foreclosure is not nearly as devastating to your credit as is a full foreclosure. Below is an article about the pros and cons of deed in lieu.
