So what really is the end results when someone has there home foreclosed?
Well it normally takes about six months for a morgage company to forclose on a home. It can be sooner or later, just depends on how much of careless the creditor is?
Then within three months this will show on there credit report. It will affect the credit score as soon as it is reported to the credit bureaus. Read the rest of this entry »
Tags: Bad Credit Mortgage, Mortgage Refinance, Private Second Mortgage, Second Mortgage Plans, Second Mortgages, Fair Credit Reporting Act, morgage company