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I do believe that a foreclosure can have a major effect on the borrower’s life. Real estate foreclosures can have a 8 to ten years negative affect on a client’s credit report. A new borrower who’s applied for a mortgage or almost any loans for that matter, knows that the worse credit rating is, the more hard it is to acquire a decent loan. In addition, it may affect the borrower’s ability to find a quality place to lease or hire, if that gets the alternative real estate solution. Interesting blog post.
I do believe that a foreclosure can have a major effect on the borrower’s life. Real estate foreclosures can have a 8 to ten years negative affect on a client’s credit report. A new borrower who’s applied for a mortgage or almost any loans for that matter, knows that the worse credit rating is, the more hard it is to acquire a decent loan. In addition, it may affect the borrower’s ability to find a quality place to lease or hire, if that gets the alternative real estate solution. Interesting blog post.