5 Reasons To Avoid Foreclosure! | ||
|---|---|---|
- The homeowner will always have to disclose they have had a foreclosure on any mortgage application.
- Credit scores will be lowered by 300+ points affecting the ability to get a car, apartment, credit cards, etc.
- A foreclosure is the one credit report item that is almost impossible to be "repaired".
- Military and government security clearance could be at risk with foreclosure.
- Many employers run credit checks on prospective employees and foreclosure is one of the top items that will put a potential new hire in jeopardy.
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