Does foreclosure show up on your credit report?
Question:
Answer:
Yes it show up as soon as it has been through the foreclosure process and it normally takes 1-2 yrs depending on how far the mortgagee is in the process. It stays on your credit report for at least 10 years. I suggest that you sell the property ASAP either by listing it with a Realtor or by auction so the amount owed will be less and maybe you can make arrangement after the sale to repay the remaining balance so you will not have a foreclosure on you credit report..
Yes, roughly for 10 years
You bet it does!
YES it does!
Without a doubt, as it is part of your credit history
yes and its around 8 years 10 for bankruptcies. And foreclosures kill your credit score too making you a higher risk to lend to.
EVERYTHING IS ON YOUR CREDIT RATING IF YOU ARE LATE PAYING A BILL IT WILL SHOW UP
Here are some articles that may help you better understand forclosures and how they affect your credit report:
http://www.mortgagenewsdaily.com/2212005...
http://www.mortgagenewsdaily.com/8192005...
Yes
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