Can A Foreclosure Be Removed?
A foreclosure is one of the most score damaging items that can be reported on your
credit reports.
With the alarming increase of foreclosures nationwide it is more
common now to see them on a credit report then ever before....
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Can A Foreclosure Be Removed?
A foreclosure is one of the most score damaging items that can be reported on your
credit reports.
With the alarming increase of foreclosures nationwide it is more
common now to see them on a credit report then ever before.
This is something that
makes obtaining any form of credit in the future very difficult.
Potential lenders see
this as defaulting on the biggest purchase one can make, and places you at the very
top of high credit risk individuals.
By doing nothing, and just letting time work its
course, the foreclosure would fall off a credit report in approximately seven years.
This is a long time to wait, and many people’s financial situations will improve long
before then.
So, what can be done to avoid having to wait seven years for it to
naturally fall off a credit report?
Remember, in order for something to remain reporting on your credit it must be
100% accurate.
The mortgage industry fell on its head and a very large number of
lenders went
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