"5 Reasons to Avoid Foreclosure"
Monday, October 04, 2010
5
- Home owners who have been foreclosed will have to disclose that they have had a foreclosure on any mortgage applications.
- Credit scores will be dropped by 300 + points affecting their ability to get a car, apartment, credit cards, cell phones, etc.
- A Foreclosure is the one item on a credit report that is almost impossible to “repaired”.
- Security clearances for Military, Government jobs and any future employment requiring such clearances could be at risk.
- Many employers run credit checks on prospective employees. Foreclosures are a major item that will put a new hire in jeopardy.
Allow us to be your Advocate!
