Image may be NSFW.
Clik here to view.
I am really satisfied to announce that last month my beautiful lady and I ultimately bought ourselves a new residence. Most banks will not lend to you for a mortgage till it has been at least two years since your foreclosure. The foreclosure and late payment record can stay on your credit report for up to seven years, but that does not imply that you will be unable to get a loan for seven years. It’s a very good concept to use this time to save funds to rent an additional property or apartment.
If the lender goes by way of the foreclosure process and sells the residence at auction and it sells for significantly less than the balance owed on the mortgage, the lender can often go to court to get a judgment to hold you accountable for the balance. There are also tax consequences of foreclosure that you …
