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  1. I think that a foreclosed can have a important effect on the applicant’s life. Home foreclosures can have a Seven to 10 years negative affect on a borrower’s credit report. A new borrower that has applied for a mortgage or almost any loans for that matter, knows that a worse credit rating is actually, the more complicated it is to get a decent mortgage. In addition, it might affect a borrower’s chance to find a good place to lease or hire, if that becomes the alternative real estate solution. Thanks for your blog post.

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