« What can I do if I have bad credit? | Main | What do I do if I get turned down for a loan? »
How bad is a previous foreclosure on credit?
By cpa | January 14, 2008
A property foreclosure is one of the most damaging events in a borrower’s credit history. In terms of the effect on credit history, a deed in lieu of foreclosure or a short sale is not as adverse an event as is a forced foreclosure.
Topics: Qualifying |