Can I have a foreclosure removed from my credit?

Question:

Due to circumstances beyond my control I had one of my homes go into foreclosure. I know it is horrible, but it is over now and there is nothing I can do about it. I still own another home and I have never been late on this home or any other payment on my creidt record. Before the foreclosure my credit score was 750 +. I know this is going to screw up my credit, but is there any to remove it or what can I do start rebuilding my credit. What do you think my credit score will drop to?

Answer:
A foreclosure falls into the category of "Public Records", and as such can not be removed from your credit. It will show up as a double negative on your credit report - once from the lender, and once in public records, for the next 7 years. The only thing you can do from this point on is try to keep up with all of your other creditors.

You will need to go to freecreditreport.com and pull your credit reports and a score (which you must pay for).it is difficult to know for sure.you gain back about 4-5 points per month in which you do not have any further bad marks.

move on.secure small lines of credit if for the only purpose of paying them off and showing a good payment history for ALL OTHER credit entries.

The bottom line is that you need to prove on record that the foreclosure, although a horrible dent on your credit profile, was only a one time thing and that you may have been in over your head and have learned your lesson (run on sentence?!!). The foreclosure will show for 7-10 years.

A good credit repair company could get that removed.

Can I have a foreclosure removed from my credit?

Hot Topic